My local market (Tampa, FL) has been piping hot over the last year with high demand and unbelievable price increases.
Last night I got a Market Report email from Zillow predicting a 0.5% one year forecasted value DECREASE for my zip code (desirable area A+ schools waterfront etc). I was surprised to see this. I wonder what factors go into these email predictions.
Has anyone else seen Zillow forecasting a decrease in popular areas? Anyone know how they make those calculations?
I’d be thrilled if prices decrease but have seen no signs of slowing in my area.