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 of recently surveyed
housing experts believe that home values will continue to rise this year.
What is the Home Price
Expectation Survey?
Each quarter, Pulsenomics surveys a
nationwide panel of 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 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%.
The
Melissa Thompson Team can help you find your dream house or sell your current home. Give her a call today at 901-729-9526!
By: KCM Crew