Home Price Futures

John Dolan is one of my business associates at Places Platform LLC:
FYI- Zillow recently updated their 1-, 3-, and 12-month HPA forecasts. Among the top 100 metros, San Diego had the highest upward revision of a 12-month forecast (of 1.1 points from 4.2 to 5.3%), but that still leaves it trailing the Zillow national forecast of 6.5% (revised up from 6.2%).
Still good news for our San Diego audience, and a data point that maybe (?) the California arbitrage is weakening.
With 1.1% being the biggest revision, clearly the rest of the changes were small. BTW- Zillow lowered forecasts (by < .2%) for only two metros.

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