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99 Percent of Experts Agree: Home Prices Will Increase

Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home values will continue to rise this year.

What is the Home Price Expectation Survey?

Each quarter, Pulsenomics surveys a nationwide panel of economists, real estate experts and investment & market strategists. Those surveyed include experts such as:

  • Daniel Bachman, Senior Manager, U.S. Economics at Deloitte Services, LP
  • Kathy Bostjancic, Head of U.S. Macro Investors Service at Oxford Economics
  • David Downs, Real Estate Finance Professor at VCU
  • Edward Pinto, Resident Fellow at American Enterprise Institute
  • Albert Saiz, Director at MIT Center for Real Estate

Where do these experts see home values headed in 2018?

Here is a breakdown of where they see home values twelve months from now:

  • 21.6% believe prices will appreciate by 6% or more
  • 71.6% believe prices will appreciate between 3 and 5.99%
  • 5.7% believe prices will appreciate between 0 and 2.99%
  • Only 1.1% believe prices will depreciate

Bottom Line

Almost ninety-nine percent of the top experts studying residential real estate believe that prices will appreciate this year, and over 93% believe home values will appreciate by at least 3%.

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About Area

Blairsville is a small mountain community in the Northeast Georgia Mountains. Almost two thirds of Union County, in which Blairsville is located, is inside the Chattahoochee National Forest. Therefore, Mother Nature reigns supreme in the area. Outdoor activities of all types are celebrated. Visitors can find themselves hiking, mountain biking, horseback riding, or even exploring three rushing waterfalls including the twin cascades at Helton Creek Falls. In addition, there are warm weather water sports on pristine Lake Winfield Scott and Lake Nottely, and the 20-acre lake and swimming beach at one of Georgia’s most beloved summer getaways, Vogel State Park. Many different picturesque settings are available for real estate, like mountain views, rolling pastures, creeks, rivers, and many combinations of them all. The pace of living invites you to just sit in the porch swing and listen to nature around you. Blairsville is also host to many unique and fun festivals all throughout the year. The Historic Town Square is frequently the venue for annual events such as the Downtown Spring Arts & Crafts Festival, the Memorial Day Parade, the Green Bean Festival, the Bluegrass Festival, the Sorghum Parade, Hometown Halloween on the Square, and the Christmas Parade. Everyone is invited to these family oriented celebrations! If you’ve ever wanted to experience mountain living at it’s best, Blairsville is for you, and Century 21 Scenic Realty is the Agency you need.

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