Wednesday, June 26, 2019

Zillow Case-Shiller Forecast: Same YoY Price Gains in May as in April

by Calculated Risk on 6/26/2019 04:31:00 PM

The Case-Shiller house price indexes for April 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: April Case-Shiller Results and May Forecast: Getting Back to Normal

The housing market has continued to normalize throughout the spring, finding more balance between buyers and sellers and slowing to a pace of growth much more in line with historic norms.
The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be at 3.5% in May, the same as in April.

The Zillow forecast is for the 20-City index to decline to 2.4% YoY in May from 2.5% in April, and for the 10-City index to decline to 2.2% YoY compared to 2.3% YoY in April.