Home prices will fall this year but then enter a growth period like the one that started in the late 1980s, Zillow survey shows

Thu, 03/02/2023 - 11:55

A photo of a young family in front of a house with a for sale sign in the foreground. — If you're not in a rush for housing, it’s probably better to improve your credit instead of getting a subprime loan.
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US home prices will fall 1.6% in 2023, then rise by an average yearly rate of 3.5% through 2027, a Zillow survey said.
That's the same pace that was seen in the relatively stable period from 1987 to 1999.
Under that scenario, home prices will be up 23% in 2027 from 2021 levels, according to Zillow.

While US home prices are expected to slide this year, the housing market will rebound and enter a steady cycle of growth, according to economists polled by Zillow.