As part of the Q4 2019 Zillow Home Price Expectations Survey, a panel of more than 100 U.S. economists and real estate experts were asked to rate their 2020 expectations for home value growth in 25 metro markets against their expectations for national home value growth.
On average, panelists expected U.S. home values to grow 2.8% in 2020. Each market was scored based on the share of panelists who expected that market to outperform expectations, weighted against experts who expected it to outperform. Austin, Atlanta, and Charlotte, N.C. scored highest among panelists, with scores of 76, 59, and 51 respectively.
Of the 14 markets that received a positive score…11 were in Texas or elsewhere in the Southwest or Southeast. Portland, Minneapolis and Denver were the only non-Southern markets to make the list of those expected to outperform.
A group of pricey California markets topped the list of those most expected to underperform, with the worst scores tallied in San Francisco (-40), San Jose (-38) and Los Angeles (-35). Of the 10 markets that received negative scores, six were in California (the three mentioned above, plus Riverside, Sacramento and San Diego).
