Zillow Home Price Expectations Survey: Home Prices Will Bottom by 2013

Today, Zillow announced the results of the June 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.

For the first time, the individual economists surveyed were largely in agreement on the trajectory of home prices nationally, signaling that a true bottom may be imminent. The consensus is that home prices will decline only slightly in 2012, falling 0.4 percent for the entire year and will rise by 1.3 percent in 2013. By comparison, in March 2012, economists said that home prices would fall 0.7 percent in 2012 and rise by 1.4 percent in 2013. The full comparison of the two surveys can be seen in the chart below.

For additional analysis on the survey results from Zillow Chief Economist Dr. Stan Humphries, visit the Zillow Real Estate Research page.

To see the results from past surveys, visit Pulsenomics, the independent research and consulting firm that produces the survey on behalf of Zillow.

If you’d like to sign up to receive future survey results, please email press@zillow.com.