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Zillow Forecasts a Dip in Home Prices, Rebounding By Next Year
sites • May 4, 2020
Transactions will fall by up to 60% this spring then steadily tick back up, with a rebound by the end of 2021, according to most likely scenario forecast by Zillow
Government assistance appears to be crucial to keeping many from falling into housing insecurity
The median list price of homes on the market in the U.S. is slightly higher than a year ago
Zillow web traffic on for-sale listings and requests to connect with Premier Agents have ticked up recently after slowing in the early days of the U.S. coronavirus pandemic in mid-March
Despite the drop in new listings, total inventory is up as activity has slowed and few homes are being removed from the market
According to a recent NAR study, a majority of Americans believe that homeownership is good for our nation’s communities.
Homeownership is still the best way most Americans to build wealth, support the national and local economies and create stable communities.