Zillow rang in the new year with some good news for Southern homebuyers: sunbelt markets are likely to outperform the national average in value growth in 2020, according to the Q4 Zillow Home Price Expectations Survey.

The survey, administered by research firm Pulsenomics, is based on responses from a panel of more than 100 U.S. economists and real estate experts that looked at 25 large markets across the country. On average, the panel said home values are expected to rise 2.8 percent in 2020.

Respondents were almost evenly split on their outlook concerning the Miami market, with 37 percent saying it will underperform, 34 percent projecting it will stay the same and 29 percent expecting the market to overperform relative to the national average rate in terms of home value appreciation.

Perhaps more troubling was the news that 23.8 percent of respondents believe home values will fall in Miami over the coming year.

The report noted that 11 of the 14 markets that received a positive score were in Texas or in the Southwest or Southeast.