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Wednesday, January 30, 2019

Zillow Case-Shiller Forecast: Smaller House Price Gains in December YoY

by Calculated Risk on 1/30/2019 11:59:00 AM

The Case-Shiller house price indexes for November were released yesterday. 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: November Case-Shiller Results and December Forecast: San Francisco Falls Out of Top Three Home-Price Gainers

The U.S. National S&P CoreLogic Case-Shiller Home Price Index — which tracks home prices — rose 5.2 percent in November from a year earlier, below Zillow’s forecast last month.

The S&P CoreLogic Case-Shiller 20-city index climbed 4.7 percent annually in November, while the 10-city index rose 4.3 percent.

Zillow forecasts a steady 5.1 percent annual gain for December (results due Feb. 26).
The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be slightly less in December than in November.
Zillow forecast for Case-Shiller