Zillow expects home prices to drop

Basically they predict Northeast to go up and Sun Belt to go down. What's going on in Atlantic City?

Among the 300 largest U.S. metro area housing markets, Zillow expects the strongest home price appreciation between March 2025 and March 2026 to occur in these 10 areas:

Atlantic City, NJ: 2.4%
Kingston, NY: 1.9%
Rochester, NY: 1.8%
Knoxville, TN: 1.7%
Torrington, CT : 1.6%
Bangor, ME: 1.5%
Syracuse, NY: 1.4%
Vineland, NJ: 1.4%
Concord, NH: 1.3%
Norwich, CT: 1.2%

In that same time frame, Zillow expects the weakest home price appreciation to occur in these 10 areas:

Houma, LA: -10.1%
Lake Charles, LA: -8.9%
New Orleans, LA: -7.6%
Lafayette, LA: -7.5%
Shreveport, LA: -7.0%
Alexandria, LA -7.0%
Beaumont, TX : -6.6%
Odessa, TX: -6.3%
Midland, TX: -5.7%
Monroe, LA: -5.5

I'm curious about AC.

Is this the catalyst?
https://breakingac.com/news/2025/apr/25/will-atlantic-city-soon-become-amusement-city/

Krolik, Thank you for the link to the article. Is there a link to City/Metro level data?

Zillow has some data here:
https://www.zillow.com/research/data/

Thank you.

I follow Austin but that forecast for decline seems a little low given significant rental inventory build up and still coming on-line in the next two years.

Good article. Of course, NYC likely doesn't include condo/coops.
https://www.wsj.com/economy/housing/home-prices-2025-charts-housing-market-391e10cf?mod=wknd_pos1