ResiClub has recently published a forecast indicating that U.S. home prices are expected to increase by +1.4% between March 2024 and March 2025.
Despite facing challenges such as 7% mortgage rates, strained housing affordability, and rising active inventory, national home prices continue to rise.
According to the Zillow Home Value Index, U.S. home prices rose by +1.1% month-over-month between February 2024 and March 2024, slightly exceeding the typical seasonal growth. The same date reveals that home prices in Memphis, TN increased above the national average (2.4%).
For more information, you can view an interactive version of Zillow’s latest forecast here
On a year-over-year basis, U.S. home prices, as measured by the Zillow Home Value Index, have increased by +4.6% between March 2023 and March 2024.
Zillow’s latest forecast predicts a +1.4% increase in U.S. home prices between March 2024 and March 2025. Last month, Zillow’s model predicted a +0.8% increase in U.S. home prices, as tracked by the Zillow Home Value Index, between February 2024 and February 2025.
For ResiClub’s Original story (Lance Lambert) Click here: