Friday, November 30, 2018

Zillow Case-Shiller Forecast: Slower House Price Gains in October

by Bill McBride on 11/30/2018 11:53:00 AM

The Case-Shiller house price indexes for September were released this week. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close.

From Aaron Terrazas at Zillow: September Case-Shiller Results and October Forecast: A Slow Return to the Push-Pull of a Normal Market

The U.S. National S&P CoreLogic Case-Shiller Home Price Index — which tracks home prices — rose 5.5 percent in September from a year earlier, in line with Zillow’s forecast last month.
...
Zillow forecasts an even slower 5.4 percent annual gain for October.
The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be smaller in September than in August as house price growth slows.
Zillow forecast for Case-Shiller