Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority ofrecently surveyedhousing experts believe that home values will continue to rise this year.
What is theHome Price Expectation Survey?
Each quarter,Pulsenomicssurveys a nationwide panel of economists, real estate experts and investment & market strategists. Those surveyed include experts such as:
Daniel Bachman,Senior Manager, U.S. EconomicsatDeloitte Services, LP
Kathy Bostjancic,Head of U.S. Macro Investors ServiceatOxford Economics
David Downs,Real Estate Finance ProfessoratVCU
Edward Pinto,Resident FellowatAmerican Enterprise Institute
Albert Saiz,DirectoratMIT Center for Real Estate
Where do these experts see home values headed in 2018?
Here is a breakdown of where they see home values twelve months from now:
21.6% believe prices will appreciate by 6% or more
71.6% believe prices will appreciate between 3 and 5.99%
5.7% believe prices will appreciate between 0 and 2.99%
Only 1.1% believe prices will depreciate
Almost ninety-nine percent of the top experts studying residential real estate believe that prices will appreciate this year, and over 93% believe home values will appreciate by at least 3%.
Author:Robin ONeal Phone: 214-245-9068 Dated: March 30th 2018 Views: 85 About Robin: ...
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