{"id":2986,"date":"2023-09-15T07:14:00","date_gmt":"2023-09-15T11:14:00","guid":{"rendered":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=2986"},"modified":"2023-09-12T11:16:28","modified_gmt":"2023-09-12T15:16:28","slug":"are-home-price-increases-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2023\/09\/15\/are-home-price-increases-on-the-rise\/","title":{"rendered":"Are Home Price Increases on the Rise?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"786\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/09\/homesketch200905-1024x786.jpg\" alt=\"\" class=\"wp-image-1883\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/09\/homesketch200905-1024x786.jpg 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/09\/homesketch200905-300x230.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/09\/homesketch200905-768x589.jpg 768w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/09\/homesketch200905-1200x921.jpg 1200w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/09\/homesketch200905.jpg 1289w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Zillow believes they are about to be. In its most recent home price forecast update, Zillow anticipates a 6.5% increase in U.S. home prices from July 2023 to July 2024, marking a slight upward revision from their previous estimate of 6.3% made last month. To provide some context, historical data from Case-Shiller reveals that U.S. home prices have typically seen an average annual increase of 5.5% since 1975.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Zillow&#8217;s team of economists expects this national trend, with a 6.5% rise, to persist over the next 12 months. However, their forecast model suggests that in this period, 120 out of the nation&#8217;s 400 largest housing markets will experience even more significant increases, potentially exceeding 7.0%. It&#8217;s worth noting that these high-growth markets are spread across various regions of the country, with no single overarching factor driving their growth.<\/p>\n\n\n\n<p>While Zillow holds the view that U.S. home prices have reached a bottom\u2014a perspective shared by economists at CoreLogic and the AEI Housing Center\u2014there are dissenting opinions within the industry. Firms like Moody&#8217;s Analytics and Morgan Stanley maintain that U.S. home prices may have some further decline ahead, a correction that could materialize between now and the conclusion of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zillow believes they are about to be. In its most recent home price forecast update, Zillow anticipates a 6.5% increase in U.S. home prices from July 2023 to July 2024, marking a slight upward revision from their previous estimate of 6.3% made last month. To provide some context, historical data from Case-Shiller reveals that U.S. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,31,26,1],"tags":[12,13,16,15,20,19,17],"class_list":["post-2986","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-prices","category-home-selling","category-real-estate","tag-home-buying","tag-home-selling","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/2986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=2986"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/2986\/revisions"}],"predecessor-version":[{"id":2987,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/2986\/revisions\/2987"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=2986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=2986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=2986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}