Housing Market Expected to Stay Stable as COVID-era Protections End
- Foreclosures are predicted to make up the smallest single source of available inventory at just 5.4%.
- Homeowners listing their houses should make up 40% of inventory in the coming year.
- Expiration of the eviction moratorium is not expected to have major impacts on rent prices.
- Appreciation should moderate but will stay historically high over the next five years.
Housing inventory is expected to come from a number of sources over the next year, including from existing homeowners and home builders — but very little is expected to come from homeowners foreclosed upon after the expiration of key federal protections, according to a Zillow survey of experts. The housing market is expected to stay largely stable as homeowners exit forbearance, while rents and vacancies are not expected to rise dramatically following the end of the federal eviction moratorium.
As part of the Q3…