Four months into the year, and real estate economists are adjusting their 12-month housing price growth predictions. Take a look at new forecasts from some of the industry’s most trusted sources:

Zillow

Zillow’s home value forecast now calls for 14.9% growth in home values through March 2023, down from a year-ahead forecast of 16.5% growth made in February, according to Zillow Home Value and Sales Forecast: April 2022.

CoreLogic

CoreLogic indicates that home prices will increase on a year-over-year basis by 5% from February 2022 to February 2023, up from their 1.9% 12-month price growth prediction at the beginning of the year, according to CoreLogic U.S. Home Price Insights.

Redfin

Redfin Chief Economist Daryl Fairweather predicted in November of 2021 that the housing market price growth in 2022 would fall to 3%. Their updated data as of February 2022 shows Home price growth is expected to slow to 7% by December, with the median home sale price reaching $383,000.

Mortgage Bankers Association

The Mortgage Bankers Association predicted in November 2021 that we would see a decline in home price growth for the first time in years, at -2.5%. The Association now predicts we will see a 4.8% increase in home price growth this year. This is a 7.3% swing in less than 5 months.

Realtor.com

Realtor.com predicted in December of 2021 that existing home median sales price appreciation would climb a modest 2.9%. They have not come out with an updated prediction that we could find but did report on April 22, 2022 that the median existing home sales price climbed 15%.

Here are two charts from Keeping Current Matters showcasing the change in home prices.

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