After climbing extensively in recent years, appreciation is starting to steady, and expected to stabilize through the upcoming year, according to the annual forecast from realtor.com®, newly released.
In the forecast, the national price rises 0.8 percent in 2020—essentially flat, with declines in more than 25 percent of the 100 largest markets. (More: 2020 Housing Market: What the Experts Think)
The biggest decreases expected, according to realtor.com researchers:
- Kansas City, Mo.-Kan. (-4 percent)
- Scranton-Wilkes Barre-Hazleton, Pa. (-3.2 percent)
- Greensboro-High Point, N.C. (-2.9 percent)
- New Haven-Milford, Conn. (-2.4 percent)
- Tulsa, Okla. (-2.3 percent)
In the forecast, appreciation falls in the following markets, as well:
- Bakersfield, Calif. (-1.4 percent)
- Miami-Ft. Lauderdale-West Palm Beach, Fla. (-1.2 percent)
- Birmingham-Hoover, Ala. (-1.1 percent)
- Detroit-Warren-Dearborn, Mich. (-1 percent)
- Las Vegas-Henderson-Paradise, Nev. (-1.1 percent)
- Fresno, Calif. (-0.9 percent)
- Urban Honolulu, Hawaii (-0.9 percent)
- Oklahoma City, Okla. (-0.8 percent)
- New Orleans-Metairie, La. (-0.7 percent)
- Louis, Mo.-Ill. (-0.6 percent)
- Worcester, Mass.-Conn. (-0.6 percent)
- Dallas-Fort Worth-Arlington, Texas (-0.5 percent)
- San Francisco-Oakland-Hayward, Calif. (-0.4 percent)
- Stockton-Lodi, Calif. (-0.4 percent)
- Baltimore-Columbia-Towson, Md. (-0.3 percent)
- Chicago-Naperville-Elgin, Ill.-Ind.-Wis. (-0.3 percent)
- Austin-Round Rock, Texas (-0.2 percent)
- Columbia, S.C. (-0.2 percent)
- Dayton, Ohio (-0.2 percent)
- Jackson, Miss. (-0.1 percent)
- Toledo, Ohio (-0.1 percent)
On the flip side, these areas deviate from the national trend:
- Boise City, Idaho (+8.1 percent)
- Colorado Springs, Colo. (+6.3 percent)
- Bridgeport-Stamford-Norwalk, Conn. (+4.8 percent)
- Atlanta-Sandy Springs-Roswell, Ga. (+4.5 percent)
- McAllen-Edinburg-Mission, Texas (+4 percent)
In addition to the home price trajectory, realtor.com researchers forecasted mortgage rates, sales, and more:
For the complete forecast, please visit www.realtor.com/research.
Suzanne De Vita is RISMedia’s online news editor. RISMedia is the residential real estate industry’s definitive source for news and information. Email Suzanne your real estate news ideas at sdevita@rismedia.com.
