Zillow & Pulsenomics Q2 Survey
The Q2 Zillow and Pulsenomics Home Price Expectations Survey, which is something that we take part in and is a survey of the top 100 to 150 economists in the US, showed some interesting forecasts on housing:
Of the 114 economists surveyed this time, participants expect on average 4.8% appreciation per year over the next 5 years. Cumulatively, they expect over 26% appreciate. While it's not easy to buy a home, it still may prove to be a smart financial decision.
Risk outlook: 14% risk to upside, 29% balanced, 56% risk to downside
On housing currently being in a bubble: 65% no, 35% yes
On soft landing: 71% said no, 29% said yes – most believe we will see a recession
On peak inflation at 8.5%: 59% said no, 41% said yes