Pulsenomics releases survey findings

 

Respondents told a recent poll conducted by Pulsenomics that they expect home prices to decline by 2% this year.   As per the survey results, the value of the U.S. housing market will drop from $47.9T to $46.9T.  Furthermore, respondents expect home prices to go up next year by 1.2% and increase by 4% annually in the next three years.   50% of the respondents felt there was a downside risk to the growth estimates, and 16% said there was an upside surprise.  Apart from Miami, all major U.S. metro areas are expected to see declining or stagnant home prices from 2022.  The housing analytics firm surveyed 107 respondents, including economists, real estate professionals, and professors.