Zillow Forecast: February Case-Shiller Composite-20 Expected to Show 3.4% Decline from One Year Ago
What will the February Case-Shiller Indices show next Tuesday? Zillow predicts that the 20-City Composite Home Price Index will decline by 3.4 percent on a year-over-year basis, while the 10-City Composite Home Price Index will decline by 3.5 percent on a year-over-year basis.
The seasonally adjusted month-over-month change from January to February will be -0.1 percent and -0.2 percent for the 20 and 10-City Composite Home Price Index, respectively.
“While home values are expected to fall further in 2012, home sales are expected to pick up pace in 2012 stabilizing home prices across the nation as the year goes on,”said Zillow Chief Economist Dr. Stan Humphries.
The full forecast can be found on the Zillow Real Estate Research page.
Zillow’s Q1 2012 data will be released on April 25th – a full month ahead of Case-Shiller data.