Some believe 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 home values will continue to rise this year.

What is the Home Price Expectation Survey?

Every three months, Pulsenomics surveys a nationwide panel of economists, real estate experts and investment & market strategists. Those surveyed experts include:

  • 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 going in 2018?

 In the next twelve months the experts believe the following:

  • 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 real estate experts studying residential real estate believe prices will appreciate this year, and over 93% believe home values will appreciate by at least 3%.

Of course, the "Experts" have been wrong before, but all indications suggest if you are waiting for prices to decrease, you will be waiting beyond 2018. 

Check Out The Newest Homes On The Market Below:

4 beds - 2 Baths

11533 E Quicksilver Avenue

Mesa, Arizona

Listing office: Realty ONE Group

MLS® ID: 5808970

4 beds - 3 Baths

9543 W HARMONY Lane

Peoria, Arizona

Listing office: Kirans and Associates Realty LLC

MLS® ID: 5808972

3 beds - 2 Baths

151 E Gold Dust Way

San Tan Valley, Arizona

Listing office: Revelation Real Estate

MLS® ID: 5808974

3 beds - 1 Bath

2543 W SAN MIGUEL Avenue

Phoenix, Arizona

Listing office: ProSmart Realty

MLS® ID: 5808975

For more information or to schedule a time to speak with us about any questions you have concerning your local market, please contact us at 480.779.7761

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See our Featured Listings Here - WELLS Realty Group Listings (these are actually our listings - we'd love to schedule a private showing)

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