Home prices have only fallen nationally once since the Great Depression, and that was following the subprime mortgage crisis and the Great Recession.
Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall nationally again, down 2-3% this year, according to Zillow.
"Housing fundamentals are strong -- much more so than they were leading into the Great Recession -- and that bodes well for housing in general," said Svenja Gudell, Zillow's chief economist.
As a comparison, home prices fell just over 27% nationally during the Great Recession, from their peak in 2006 to the trough in 2012, according to S&P Case-Shiller Indices.
The Zillow forecast includes a more pessimistic scenario in which prices would fall 3-4% with no recovery until the end of 2021.