“The American labor market is stronger than it’s been in decades and Americans, particularly young Americans, are increasingly feeling confident enough to buy homes.”
Housing experts are increasing their expectations for home price appreciation as rising prices show no signs of slowing, Zillow reported Tuesday.
Experts expect home prices to climb 4.1% in 2018, according to the 2017 Q4 Zillow® Home Price Expectations Survey, an increase in their expectations for 2018. One year ago, experts predicted home prices would grow 3% in 2018.
The quarterly survey, sponsored by Zillow and conducted by Pulsenomics LLC, asked more than 100 housing experts, market strategists, and economists about their expectations for the U.S. housing market in 2018 and beyond.