Home values continued to trend higher in November, according to the Zillow Home Value Index. However, after adjusting for inflation, real home values fell to their lowest level in nearly five years.

Home values rose for a second straight month in October, according to the Zillow Home Value Index. Last month's ZHVI came in at $360,727, up 0.12% from the previous month and up 0.06% from one year ...

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 fall by 1.0% between June 2025 and June 2026.

Heading into the year, Zillow economists forecasted that U.S. home prices were likely to rise 2.6% in 2025. However, this year, the housing market—in particular in the Sun Belt—was softer than ...