Sorry, homebuyers. Houses aren't getting cheaper.

• It's very unlikely home prices will continue to fall, said Zillow chief economist Skylar Olsen.
• The number of for-sale homes is so low that buyers still compete over them despite higher mortgage rates.
• Buyers can expect high home prices but more concessions from sellers eager to offload their homes.

Home prices in the US just posted their first annual decline — by a minuscule 0.2% — in more than a decade. Some bearish pundits and real-estate investors are taking it as a sign of more dire drops to come, predicting a bubble burst or even a crash.