Leading real estate Zillow in its second quarter survey of Home Price Expectations had polled experts and economists on their projections for the housing market.
Nearly half of those surveyed believe that the next recession is likely to occur in 2020 in consistent with earlier expectations during the closing half of 2017. This time, however, experts weren’t much concerned with the geopolitical events being the reason but more apprehensive over financial and trade policy.
Akin to last year’s survey, panelists were asked to pick out and evaluate up to three conceivable factors that can set off the next recession — and the likely causes given in this most recent poll were largely contrasting from the concerns expressed just nine months ago.
In the meantime, experts think the housing market will continue to experience strong appreciation. They predict U.S. home values will rise 5.5 percent in 2018 to a median of $220,800. At this time last year, predictions were for home values to rise 3.7 percent in 2018.