Zillow’s real estate predictions for 2015

Zillow’s economists have released their 2015 predictions for the nation’s real estate market. If correct, expect home value appreciation to cool off considerably — Zillow is predicting only a 2.5 percent increase in home values nationwide for 2015. Also, expect to see a lot more Millennials shopping for homes.

Zillow’s predictions for 2015:

  • U.S. rents will outpace home values by the end of the year
  • Builders will begin constructing more, less expensive homes
  • Millennials will overtake Generation X as the largest group of homebuyers
  • Homebuyers will have more negotiating power in 2015

source: Zillow: In 2015, Millennials Will Be Biggest Home Buying Group & Rents Will Grow Faster Than Home Values

According to the report, home value appreciation should drop from the ~6 percent now to around 2.5 percent by the end of 2015. These figures are for the country as a whole. If we apply a similar relative drop in home value appreciation to the Reno-Sparks market, then the price appreciation rate should drop from the ~13.4 percent now to ~7.8 percent by the end of 2015 for the area.

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About Guy Johnson

I am a licensed Nevada REALTOR® (lic.# S.0075262) living and working in fabulous Reno, Nevada. I cover Reno, Sparks, Incline Village, Carson City, and beyond. Give me a call at 775-722-4011 and I will be happy to assist you with your real estate needs. I'm your Guy!
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2 Responses to Zillow’s real estate predictions for 2015

  1. It’s a great time for buyers who have waited patiently for sale prices to come down in 2015.

  2. Avatar joey says:

    Gee thanks for the heads up there Ranson. What would we do without your drivel

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