Posts Tagged ‘wage growth’
Outlook for US Home Prices Dims
The results of the latest Zillow Home Price Expectations Survey are in: the panel’s expectation for U.S. home values fell to a 3.4 percent average annual rate for the five-year forecast horizon in Q3. This is the first time in 18 months that this proxy for experts’ housing market sentiment has weakened, and it’s the…
Read MoreReigning Renters
Experts are split on whether the inventory of renter-occupied homes will continue to increase at a significantly faster pace than owner-occupied dwellings in the coming 1-2 years. According to the latest Zillow Home Price Expectations Survey (released this morning), 44% of 103 expert panelists who expressed a view on the topic believe that current trends…
Read MoreHome Affordability Conundrum
The latest U.S. Housing Confidence Survey finds that two-thirds (66%) of renters in 20 large metro areas are confident, or somewhat confident, that they will be able to afford to own a home in the future. This is encouraging–especially given the lack of real (inflation-adjusted) wage growth in recent years, tight mortgage credit market conditions,…
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