Zillow Home Value and Home Sales Forecast (May 2025):

Zillow forecasts a 1.4% drop in home values for 2025, slightly less than previously expected. Increased housing inventory and buyer hesitation, driven by economic uncertainty, are pressuring prices. Existing home sales are projected to rise 1.4% to 4.12 million, supported by improved affordability and higher supply. Rent growth will slow, with single-family rents up 3.2% and multifamily rents up 2.1%, as more rental listings come to market. Demand for single-family rentals remains strong despite moderating price increases.

March 2025 NAR Existing Home Sales Stumble Despite Lower Rates:

Existing home sales fell by 5.9% month-over-month in March to a seasonally adjusted annual rate (SAAR) of 4.02M. That’s a 2.4% drop from March 2024, according to the National Association of Realtors (NAR).
Total housing inventory at the end of March increased to 1.33 million units up from 1.23 million units in February, up 19.8% from a year ago.
The median existing-home sales price in March was $403,700, up 2.7% from a year ago.

In 233 U.S. Cities, Even a Starter Home Costs $1 Million
Half of all states have at least one city where entry-level homes top $1 million — a lasting effect of pandemic-era price growth.

Survey: Agents Use Lots of Tools, Especially This One
Social media tools top the list

May Market Report: 5 Stats That Explain This Unusual Shopping Season
1. A record 25% of listings received a price cut
2. More than a quarter of homes sold above list price
3. The typical home went pending in 16 days
4. The typical mortgage payment dropped 1.3% from last year
5. The Northeast is the hottest region