Great (Home Price) Expectations

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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,…

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Downside Risk Signals in US Housing

A man is playing with wooden blocks and houses.

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…

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Experts Expect a Record-Breaking Expansion

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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…

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Housing Market Shift

A man walking up stairs to the top of a house.

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…

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Economic Eclipse

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Last summer, Pulsenomics asked an expert panel of economists, investment strategists, and real estate analysts to weigh-in with expectations re: the timing of, and likely triggers for, the next U.S. recession. In light of policy and financial market developments since then–including a spike in stock market volatility to levels about twice the record-lows recorded during…

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2017 Crystal Ball Award Winners Announced

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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…

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Amazon HQ2: Economists, Strategists Weigh-In

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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…

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Expectations for Home Values Fading

A man standing in front of the word expectations.

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…

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New Construction Double Jeopardy: Land & Labor

A man holding onto a wooden board while standing on top of a building.

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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