Wednesday, May 01, 2019

Zillow Case-Shiller Forecast: National YoY House Price Gains in March similar to February

by Calculated Risk on 5/01/2019 06:39:00 PM

The Case-Shiller house price indexes for February 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 Matthew Speakman at Zillow: February Case-Shiller Results and March Forecast: Home Price Growth Slowest Since 2012

Home prices continued to tap on the brakes in February, moderating their earlier breakneck speeds, particularly in pricey West Coast markets. The S&P CoreLogic Case-Shiller National Home Price Index, which tracks home prices nationally and in major metro areas, rose 4% in February from the previous year, a slowdown from 4.2% in January.
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Below is Zillow’s Case-Shiller forecast for March. It’s scheduled for release on May 28.
The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be at 4.0% in March, the same as in February.

Zillow forecast for Case-ShillerThe Zillow forecast is for the 20-City index to decline to 2.6% YoY in March, and for the 10-City index to decline to 2.3% YoY.