Zillow revises down its home price forecast—this map shows its outlook for 400 housing markets

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Zillow economists just published their updated 12-month forecast, projecting that U.S. home prices—as measured by the Zillow Home Value Index—will rise 0.5% from February 2026 to February 2027. 

That’s a mild downward revision from its 12-month forecast published last month (+0.9%).

While Zillow’s national home price forecast isn’t negative, it isn’t exactly bullish either.