Expectations
Downside Risk Signals in US Housing
According to the Q4 2018 edition of the Zillow Home Price Expectations Survey released yesterday, U.S. home prices are projected to increase at an average 3.8 percent rate in 2019–down from an expected 4.2 percent a few months ago. (These data are based upon responses from 114 members of an expert panel managed by Pulsenomics). The…
Read MoreExperts Expect a Record-Breaking Expansion
The Q3 2018 edition of The Zillow Home Price Expectations Survey–conducted by Pulsenomics LLC via a panel composed of more than 100 respected economists, housing  analysts and investment strategists–included a compilation of expert opinions concerning when the current economic expansion will peak, mortgage rates one year from now and at the cycle peak, and the…
Read MoreHousing Market Shift
In addition to providing an update to the five-year outlook for U.S. home values, the Q3 2018 edition of The Zillow Home Price Expectations Survey–conducted by Pulsenomics LLC via an expert panel composed of more than 100 respected economists, housing  analysts and investment strategists–delivered insights about when housing market conditions might shift decidedly in favor…
Read More2017 Crystal Ball Award Winners Announced
For the majority of U.S. households, residential real estate is the single largest asset on the balance sheet. Prevailing home equity levels–and expected home value changes–can have an out-sized influence on consumer spending and behavior (i.e., wealth effects). As an asset class, U.S. housing has an aggregate value of almost $30 trillion. For these and…
Read MoreAmazon HQ2: Economists, Strategists Weigh-In
After receiving 238 bids, Amazon recently announced that it narrowed its focus to 20 cities as the potential home for its second headquarters (“HQ2”). HQ2 will have a profound impact on the chosen city’s real estate market and economy. The just-released Q1 2018 edition of The Zillow Home Price Expectations Survey asked an expert panel…
Read More2017 will pump $1 trillion+ into the balance sheet of U.S. homeowners… again.
Based on the average projection of more than 100 experts surveyed by Pulsenomics this month, U.S. home values are expected to increase by 4.8% in 2017. On the heels of last year’s nearly 7% national appreciation rate, the prospect that home prices will rise less than 5% on average this year might be dispiriting to…
Read More$5.4 Trillion in Home Equity Separates U.S. Housing Optimists & Pessimists
The latest edition of the Zillow Home Price Expectations Survey was published this morning. A panel of more than 100 experts has updated their expectations for national home price growth rates through 2021. According to widely cited price indices, nominal home values have already eclipsed (or are close to surpassing) their pre-crash peak levels. And…
Read MoreMillennials, Californians High on Housing
The latest Zillow Housing Confidence Index (ZHCI) reveals that homeowner expectations are higher than they were two years ago in the majority of metro areas tracked, and nowhere are they higher now than in The Golden State. The ZHCI homeowner expectations sub-indexes for Los Angeles, San Francisco, and San Jose are now 77.5, 77.3, and…
Read MoreExpectations for Home Values Fading
Data from the latest installment of The Zillow Home Price Expectations Survey indicate that most of the 104 expert respondents foresee further moderation in the rate of U.S. home value appreciation beyond 2016. The outlook for 2016 U.S. home price appreciation is 3.7 percent, less than the 4 percent value increase realized in 2015. The…
Read MoreNew Construction Double Jeopardy: Land & Labor
Sales of newly built single-family homes have struggled to recover to pre-recession norms, and single family construction activity overall has been anemic despite limited for-sale inventory and evidence of robust demand in certain market segments (e.g., entry-level homes). In the latest Zillow Home Price Expectations Survey, we asked an expert panel of more than 100…
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