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After climbing extensively in recent years, appreciation is starting to steady, and expected to stabilize through the upcoming year, according to the annual forecast from realtor.com®, newly released.

In the forecast, the national price rises 0.8 percent in 2020—essentially flat, with declines in more than 25 percent of the 100 largest markets. (More: 2020 Housing Market: What the Experts Think)

The biggest decreases expected, according to realtor.com researchers:

1. Kansas City, Mo.-Kan. (-4 percent)
2. Scranton-Wilkes Barre-Hazleton, Pa. (-3.2 percent)
3. Greensboro-High Point, N.C. (-2.9 percent)
4. New Haven-Milford, Conn. (-2.4 percent)
5. Tulsa, Okla. (-2.3 percent)

In the forecast, appreciation falls in the following markets, as well:

  • Bakersfield, Calif. (-1.4 percent)
  • Miami-Ft. Lauderdale-West Palm Beach, Fla. (-1.2 percent)
  • Birmingham-Hoover, Ala. (-1.1 percent)
  • Detroit-Warren-Dearborn, Mich. (-1 percent)
  • Las Vegas-Henderson-Paradise, Nev. (-1.1 percent)
  • Fresno, Calif. (-0.9 percent)
  • Urban Honolulu, Hawaii (-0.9 percent)
  • Oklahoma City, Okla. (-0.8 percent)
  • New Orleans-Metairie, La. (-0.7 percent)
  • Louis, Mo.-Ill. (-0.6 percent)
  • Worcester, Mass.-Conn. (-0.6 percent)
  • Dallas-Fort Worth-Arlington, Texas (-0.5 percent)
  • San Francisco-Oakland-Hayward, Calif. (-0.4 percent)
  • Stockton-Lodi, Calif. (-0.4 percent)
  • Baltimore-Columbia-Towson, Md. (-0.3 percent)
  • Chicago-Naperville-Elgin, Ill.-Ind.-Wis. (-0.3 percent)
  • Austin-Round Rock, Texas (-0.2 percent)
  • Columbia, S.C. (-0.2 percent)
  • Dayton, Ohio (-0.2 percent)
  • Jackson, Miss. (-0.1 percent)
  • Toledo, Ohio (-0.1 percent)

On the flip side, these areas deviate from the national trend:

1. Boise City, Idaho (+8.1 percent)
2. Colorado Springs, Colo. (+6.3 percent)
3. Bridgeport-Stamford-Norwalk, Conn. (+4.8 percent)
4. Atlanta-Sandy Springs-Roswell, Ga. (+4.5 percent)
5. McAllen-Edinburg-Mission, Texas (+4 percent)

In addition to the home price trajectory, realtor.com researchers forecasted mortgage rates, sales, and more:

Credit: realtor.com®

For the complete forecast, please visit www.realtor.com/research.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.

 

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