Wednesday, April 01, 2020

Zillow Case-Shiller February Forecast: "Ancient History"

by Calculated Risk on 4/01/2020 02:38:00 PM

The Case-Shiller house price indexes for January 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: January Case-Shiller Results & February Forecast: Ancient History

It may have been only two months ago, but in many ways it might as well be ancient history. ...

The national Case-Shiller Home Price Index rose 3.9% year-over-year in January. The smaller 10- and 20-city composite indices grew more slowly, at 2.6% and 3.1% year-over-year, respectively.
emphasis added
Zillow forecast for Case-Shiller The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be at 4.0% in February, up from 3.9% in January.

The Zillow forecast is for the 20-City index to be up 3.2% YoY in February from 3.1% in January, and for the 10-City index to increase to 2.7% YoY compared to 2.6% YoY in January.

But this is all "ancient history".