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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.

Heading into 2025, Zillow’s 12-month forecast for U.S. home prices was 2.6%. However, many housing markets across the country softened faster than expected,........

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