Zillow Forecasts 1.4% Home-Value Drop in 600+ Markets
Market Shifts Drive Price Corrections Across Major U.S. Markets Seismic shifts are reshaping the American housing terrain. Price corrections accelerate across major metropolitan markets. This fundamentally alters the power dynamics between buyers and sellers. Market volatility has intensified, as home prices in key markets surged by 12% year-over-year due to investor purchases. Nearly 23% of Zillow listings received price cuts in March. This marks an unprecedented surge in seller desperation. Economic uncertainty continues to grip consumer sentiment. Widespread hesitancy among potential buyers persists despite moderate affordability improvements. Pricing strategies have undergone dramatic transformation. Sellers abandon previous expectations and adopt aggressive concessions. Buyer demand remains substantially below typical spring levels. A cascade effect forces property owners to compete through deeper discounts. Regional variations expose the uneven nature of these corrections. Buyer...