Market Conditions
Home Price Projections Pop–Despite Decades-High Mortgage Rates. Cause to Celebrate?
Results from the latest (Q3) edition of the Home Price Expectations Survey are now available. The survey was conducted by Pulsenomics July 31 – August 14th. A notable takeaway: the significant shift among our panelists recently in their outlook for 2023 U.S. housing market performance. The quarter-to-quarter change in near-term home price expectations (+3.7 points) is…
Read MoreWhat a Difference a Year Makes… in the Outlook for U.S. Home Prices
What a difference a year makes in the outlook for U.S. home prices. Here are some observations from data collected in the Q1 2023 edition of the Pulsenomics Home Price Expectations Survey: More than two-thirds of the 107 experts who responded expect home values to fall this year–up from just 7% of panel respondents in…
Read More100+ Forecasts for U.S. Home Prices & Rents
Last week, Zillow announced the results of the latest Home Price Expectations Survey conducted by Pulsenomics. In addition to updating their projections for nationwide home prices through 2026, our expert panelists shared their outlook concerning how U.S. house values will change relative to residential rent prices, stock prices, and headline CPI inflation. First, let’s take…
Read MoreGreat (Home Price) Expectations
Every quarter for more than 12 years, at least 100 members of an expert panel managed by Pulsenomics participate in the Zillow Home Price Expectations Survey to predict the 5-year future path of U.S. home prices and weigh-in on topical concerns pertinent to residential real estate and mortgage markets. In every year since the survey’s 2010 inception,…
Read MoreRenters’ Home-buying Sentiment Turns Negative
The latest update to the Pulsenomics Transaction Sentiment Index (TSI) shows that home-buying sentiment nationwide is continuing its multi-year downward trend. TSI is the only measure of its kind that scores and tracks home-buying and home-selling mindsets by tenure category and metro market. It shows that among renter households, buying sentiment has fallen further into…
Read MoreDownside 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 MoreGap in U.S. Home Transaction Sentiment is Wider than Ever
Financial capacity limitations–along with a dwindling inventory of affordable single-family homes–are weighing-down renters’ confidence in the housing market, and contributing to a widening gap in “home transaction sentiment.†The latest edition of The U.S. Housing Confidence Survey of 10,000 heads of household–3,762 of whom are renters–reveals a growing imbalance that warrants monitoring. As reported by…
Read MoreFewer Renters are In The Mood (to Buy a Home)
According to the latest edition of The U.S. Housing Confidence Survey (HCS), renters continue to have positive homeownership aspirations. For example, in January, more than six in ten of the 3,741 renters surveyed across 20 of the largest U.S. cities said that they believe that owning a home provides a person more freedom than renting…
Read MoreOnly Four In Ten Renters Say It’s a Good Time to Buy a Home
Pulsenomics recently completed the latest edition of The U.S. Housing Confidence Survey(HCS). This study entails compilation of 10,000 questionnaires completed by heads of household across the country, and synthesis of more than 300,000 question responses to update the biannual Zillow Housing Confidence Index (ZHCI). One of the dozens of housing-centric questions included in HCS is, “Where…
Read MoreThe Housing High (and Comedown?) in Denver
Data from the July edition of the U.S. Housing Confidence Survey of 10,000 households (HCS) and the Zillow Housing Confidence Index (ZHCI) highlighted the recent smoking-hot conditions in the Denver housing market. For example, at 77.9, the Housing Market Conditions Index (a ZHCI component) for Denver was at the highest level of all cities tracked…
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