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Interestingly, Zillow has adjusted its forecast for home prices in 2025, revising it down from 2.9% to a mere 0.9% increase, barely out of February. This revision signifies that if current trends persist, there is potential for home prices to turn negative by the end of the year.
Implications for Renters and Buyers
The prevailing low buyer demand translates to unprecedented opportunities for renters. In areas like Atlanta, increased supply has led to rental incentives, where referral bonuses for tenants have surged up to $1,000. Such dynamics suggest that negotiations for rent reduction are paramount, as landlords face stiff competition from comparable listings.