Zillow Predicts First Home Price Drop Since 2011
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Seattle, Washington, USA: Real estate giant Zillow projects a 0.9% nationwide home price decline by April 2026—the first annual drop in over a decade. Rising mortgage rates and increased listing activity are softening demand. Zillow notes some areas could see sharper dips (5%+) while select Northeastern markets remain steady or gain slightly. Although not a crash, the forecast signals a cooldown from the pandemic boom.
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Key Entities
- • Zillow: A U.S.-based real estate platform (founded 2006) providing home listings and market forecasts. Now expects the first annual nationwide price drop since 2011.
- • U.S. Housing Market: Has run hot since 2020, but affordability concerns and high mortgage rates are gradually easing demand.
- • Skylar Olsen: Chief Economist at Zillow, guiding the company’s analysis and outlook on price trends.
- • Home Buyers & Sellers: The primary stakeholders in a potential market correction. A 0.9% drop could create new opportunities or cut into equity.
- • Mortgage Rates: Rose sharply from ~3% to ~6%+ since 2022, pricing many buyers out and driving this forecasted dip.
Bias Distribution
Multi-Perspective Analysis
Left-Leaning View
(No major coverage).
Centrist View
Focuses on neutral data—affordability and supply.
Right-Leaning View
(No major coverage).
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