Rising Prices and Rising Expectations
Posted by Florida Realty Marketplace on
Expectations are rising for home price appreciation, according to the 2017 Q4 Zillow Home Price Expectations Survey. Home prices have continued to rise, and showed no signs of slowing.
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Zillow sponsors a quarterly survey, conducted by Pulsenomics LLC, which asks more than 100 housing experts, market strategists, and economists what to expert for the U.S. housing market in 2018. The survey has revealed a steady uptick in home price increase, pushed along by the struggling supply over 33 straight months.
Zillow reports that although overall new construction picked up slightly toward the end of 2017, single-family construction was still plagued by a slow pace. Only 16.7 percent of experts who responded to the survey…
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