Zillow economists just published their updated 12-month forecast, projecting that U.S. home prices—as measured by the Zillow Home Value Index—will rise +1.2% between August 2025 and August 2026.

This week, Zillow economists published their updated 12-month forecast, projecting that U.S. home prices—as measured by the Zillow Home Value Index—will rise 0.4% between July 2025 and July 2026.

U.S. home values rose in February for the first time in seven months, and existing home sales increased from a year earlier, according to Zillow.

Given current widespread concerns about home affordability, it's worth examining some recent housing market history to provide context for where we are today. That's because real estate technology ...