Zillow us home price forecast according to Zillow US home price

According to Zillow US home price forecast, continued supply constraints and steady demand could maintain upward pressure into early 2025, prompting long-term bullish sentiment among housing market investors. Prospective homebuyers may have more negotiating power thanks to steadying prices and an increase in inventory, providing them more options when it comes to finding their dream homes. While many awaited the September news regarding the Federal Reserve interest rate cut prior to buying, others might take the opportunity to invest in single-family homes in big cities where price drops have reached lows not seen since 2018. For many, what the fed rate cut meant for mortgage rates and the housing market was a slightly lower interest rate range of 4.0% to 4.25%, with the Fed also stating the possibility of two more cuts this year. This is good news for many buyers. ) comes to fruition, it would represent a tiny acceleration. Analysts see the Zillow US home price forecast as a benchmark for gauging housing-linked retail performance, especially for large-scale furniture and appliance retailers whose revenue depends on property turnover.