SEATTLE—More than 100 experts are split on the root causes of mounting housing affordability concerns in several large housing markets nationwide, and expect home values to end the year up 4.4%, on average, according to the latest Zillow Home Price Expectations Survey.
The survey of 106 economists, real estate experts and investment and market strategists asked panelists to predict the path of the U.S. Zillow Home Value Index through 2018 and solicited opinions on the main cause of declining home affordability. The survey was sponsored by leading real estate information marketplace Zillow, Inc. and is conducted quarterly by Pulsenomics LLC.
While low mortgage rates are keeping homes within reach of consumers across most of the country, affordability is becoming an issue within a number of markets, including the largest California metro areas, according to a recent Zillow study.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
