Wednesday, May 29, 2019

Zillow Case-Shiller Forecast: Slower YoY Price Gains in April

by Calculated Risk on 5/29/2019 03:01:00 PM

The Case-Shiller house price indexes for March 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: March Case-Shiller Results and April Forecast: Home Buyers Hitting a Breaking Point?

Looking ahead, Zillow’s April Case-Shiller forecast is for continued modest slowdowns in annual home price growth across all three major indices. Annual U.S. home price growth is expected to fall to 3.6%.
The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be at 3.6% in April, lower than in March.

Zillow forecast for Case-ShillerThe Zillow forecast is for the 20-City index to decline to 2.4% YoY in April, and for the 10-City index to decline to 2.2% YoY.