Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement
W S
The Ticker

Zillow predicts 4% drop in home prices

/ Print / Reprints /
| Share More
/ Text Size+

Online real estate firm Zillow sees home prices continuing on a downward trajectory.

The firm made this conclusion in its monthy forecast of what to expect in the upcoming S&P Case-Shiller Composite Home Price report.

The firm estimates the 20-city composite index, which documents home prices in large, metro areas, will see an average price decline of 4% year-over-year and 0.5% month-over-month. This forecast is for the upcoming release of S&P's December Case-Shiller report on Feb. 28.

Zillow also projects home prices tied to the 10-city composite index will fall 3.9% year-over-year and negative 0.6% month-over-month on a seasonally adjusted basis.

-- Kerri Panchuk

Recent Articles by HousingWire Staff

Comments powered by Disqus