The clear majority of recently surveyed housing experts believe that home values will continue to increase this year. Few believe that the new tax code and rising mortgage rates will have a negative impact on home prices in 2018.
What is the Home Price Expectation Survey?
Each quarter, Pulsenomics surveys a nationwide panel. It includes economists, real estate experts and investment & market strategists.
Those surveyed include experts such as:
- Daniel Bachman, Senior Manager, U.S. Economics at Deloitte Services, LP
- Kathy Bostjancic, Head of U.S. Macro Investors Service at Oxford Economics
- David Downs, Real Estate Finance Professor at VCU
- Edward Pinto, Resident Fellow at American Enterprise Institute
- Albert Saiz, Director at MIT 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
Bottom Line
Almost 99% of the top experts studying residential real estate say prices will go up this year. Over 93% believe home values will go up by at least 3%.
