Zillow CEO Spencer Rascoff sat down with Fortune’s Adam Lashinsky to discuss the future of the housing market and the news is not good. Rascoff reported that according to Zillow software, the housing market can expect to see values decline another three to five percent over the next year. Unfortunately for sellers, the values are expected to stay bottomed out for several years.

 

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Zillow predicts that house values will continue to drop
The housing market may still drop another 3-5% according to Zillow CEO Spencer Rascoff.