- If the forecast comes to fruition, it would be the first time home prices fell on a national level, on an annual basis (apart from a blip two years ago), since the Great Financial Crisis when home values fell year over year every month from July 2007 to June 2012. But “it is a very different environment,” a Zillow senior economist explained—and while it may help buyers some, it won’t put sellers underwater.
Home prices rarely fall. But that may change.
