“For Miami we see in 2025 that the prices of homes will go up by 4%. So, homeowners will see that investment continue to go up.” Aside from the migration we've seen from other states, Zillow experts say a new generation of buyers will impact prices: millennials.

Zillow Economics predicts shelter CPI inflation – and the results remind us that unless active rental markets moderate even more, the U.S. economy as a whole will continue to grapple with the strain of rising costs of living well into 2025.

Here’s where metro area home prices are expected to go in 380 housing markets, according to forecasts by Zillow and Moody’s. Want more housing market stories from Lance Lambert’s ResiClub in your inbox?

Evidence is mounting that shelter disinflation is gaining momentum, a trend that has yet to be fully reflected in government inflation data but could signal relief for broader price pressures as shelter represent the largest component of the Consumer Price Index.

These are today's mortgage and refinance rates. Mortgage rates have increased as investors parse Trump's Davos comments.

Just 127 Palm Beach County single-family homes sold last year for $149,000 or less. At the same time, 3,226 homes sold for $1 million or more.

These are today's mortgage and refinance rates. Mortgage rates remain elevated, and they might not drop much this year unless inflation slows further.

Use this inflation calculator to see how prices are changing: Inflation is the loss of purchasing power over time as prices rise. It is often expressed as a percentage and generally refers to a trend marked by rising prices across sectors, affecting common household expenses like food and energy.

SEATTLE, Jan. 22, 2025 /PRNewswire/ -- Rented single-family homes are the housing market's big standout right now, with costs 20% higher than that of a typical multifamily apartment, according to the latest market report 1 from Zillow®. That's the largest difference ever recorded by Zillow.

Buyers should expect less competition for homes than in recent years as housing inventory continues to trend closer to long-term norms from before the pandemic. The number of homes on the market nationwide in December was just under 1 million — more than in any December since 2019.

Escalating rents and dwindling affordable space has made house hacking a growing alternative that can also generate passive income.

Some statistics illustrate why Americans still feel crunched even though traditional metrics make economic conditions seem strong.