Economists Temper Expectations for Home Price Improvement
Today, Zillow announced the results of the March 2012 Zillow Home Price Expectations Survey, which brings together an expert panel of more than 100 leading economists to share expectations for future home prices in the United States.
After a sharp downturn in home prices during the fourth quarter of last year, economists in the March survey revised their expectations downward for home price changes during 2012 and future years. For example, economists now predict home prices will rise 1.4 percent in 2013, compared to their previous prediction of a 1.8 percent rise. The full comparison of the two surveys can be seen in the chart below.
To see the results from past surveys, visit Pulsenomics, the independent research and consulting firm that produces the survey on behalf of Zillow.
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