Zillow Home Value and Sales Forecast: March 2023
Recent home price resilience has resulted in Zillow's latest home value forecast being revised up slightly compared to last month. The national Zillow Home Value Index (ZHVI), which rose 4.4% in the 12 months ending in February, is expected to rise 0.6% over the next 12 months.
February New Home Sales: New Home Sales Edged Up Again
New home sales post third straight monthly gain.
February 2023 Existing Home Sales: Sales Snap a 12-month Long Decline as Buyers Return
Low inventory remains a major constraint for home shoppers this spring.
The increase in builder confidence and housing starts are signs housing demand is thawing from last year’s deep freeze.