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    99% of Experts Agree: Home Prices Will Increase

    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%.

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    Danny Cheung

    I spent almost thirty (30) years with the Department of Defense in hardware/software design, development, operations, maintenance, and program manager before joining the Group in a full-time capacity. I am thrilled to put my years of experience as an Electronics Engineer and Program Manager to assist and lead our Real Estate Group to the next level. I am committed to establishing the tools and resources necessary for our team members to work more seamlessly and effectively, thus ensuring our clients' satisfaction. My wife and I have two daughters and a dog (he’s more like our son). I enjoy traveling and watching sports, especially football…Go Skins!

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