Story perspectives
Zillow Predicts First Home Value Drop Since Crisis
5/5/2025
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Story summary
- Zillow anticipates a 1.9% drop in home values this year, marking the first decline since the Great Financial Crisis.
- Increased listings and high mortgage rates are causing buyer hesitation and economic uncertainty.
- Bank of America projects a 2% rise in home prices for 2025, fueled by steady demand and rising inventory.
- The housing market is stabilizing, with price growth slowing after years of volatility.
