What’s your prediction on local home-price appreciation over the next year?
Here’s what Zillow thinks – they sent these to me over the last three weeks:
La Jolla:
Del Mar:
Carmel Valley:
Rancho Santa Fe:
Encinitas:
SE Carlsbad:
SW Carlsbad:
NW Carlsbad:
NE Carlsbad:
Even after the market perked up last year, their guesses were still in the single digits on November 1st:
http://bubbleinfo.s020.wptstaging.space/2020/11/01/zillow-2021-forecasts/
In January, they did revise upward and predicted that all of the local areas would hit 10% to 12%:
http://bubbleinfo.s020.wptstaging.space/2021/01/11/zillow-increases-appreciation-forecast/
This year, their forecasted-value increases range from 0.4% to 11.5% – quite a spread!
