Experts: It May Take Years for Home Building to Get Back to Historic Levels
Today’s slow pace of single-family home building isn’t expected to get back to historic norms until 2022 or later, according to a Zillow survey of experts.
Why the Next Recession Is Likely to Happen in 2020, and What It Will Mean for Housing
The longest uninterrupted economic expansion in U.S. history will probably end with a recession in 2020, but housing likely won't be the cause.
Gov’t Should Work to Lessen Natural Disaster Losses Rather Than Insure Them, Experts Say
More than two-thirds of panelists (68 percent) said they agreed with the statement that “the government should not underwrite or subsidize property loss insurance – especially not in high-risk areas.” Separately, a large majority – 82 percent of those offering an opinion – said any IPO-related stimulus in the Bay Area will be modest and temporary and not enough to reverse the localized slowdown.
A Real Buyers Market? Wait Until at Least 2020
More than three quarters (76 percent) of experts said they don’t expect national housing market conditions to shift toward a buyers market until 2020 or beyond.
2020 Vision: Experts Say Next Recession Looms at Decade’s End
Experts largely expect the next recession to begin in 2020, in line with prior expectations expressed in the latter half of 2017. But unlike last year, experts these days are less worried that geopolitical events might tip the economy into the red, and more concerned over monetary and trade policy.
Low Inventory, Sluggish Building Defined Housing in 2017; Expect 2018 to Look Similar
Persistently low inventory of homes for sale, and low levels of single-family home building activity in particular, proved the most surprising housing trends to a majority of experts in 2017 – and they say neither is particularly likely to reverse course in 2018, nor is homeownership expected to rise much.
U.S. Stability Draws Foreign Buyers Leery of Uncertainty at Home
The primary drivers of foreign home buyers in the United States, in the near term, are expected to be economic and political factors in their countries of origin – and not necessarily the appeal of the United States’ domestic amenities.
Recession Could Hit by Late 2019, Experts Say
A panel of economists and experts says there’s a 52 percent probability of the next recession starting by the end of 2019. That probability jumps to 73 percent for a recession starting by the end of 2020.
Experts: Foreign Buyers to Have Limited Impact, Mostly on High-End Housing
U.S. home values are growing quickly, and expectations for future growth have also picked up. But while some may blame strong demand from overseas shoppers for rapid growth and fierce competition, experts say the impact of foreign demand on the market overall is muted at best.
Experts: 2017 Looks to be the Year in Which Rising Mortgage Rates Finally Impact Home Value Growth
For years, falling interest rates have been a boon to the U.S. housing market, keeping monthly mortgage payments low for first-time buyers and move-up buyers alike, even as home values rose. But in 2017, rising mortgage interest rates will have the opposite effect and are set to have a larger impact than any other housing trend this year, according to the Q1 2017 Zillow Home Price Expectations survey (ZHPE).
