Despite slowing home-value appreciation, it could take until 2020 to see the market change.
By Jeff Sorg, OnlineEd Blog
(August 28, 2018)
According to the 2018 Q3 Zillow® Home Price Expectations Survey, sellers will continue to have more negotiating power than buyers, at least until 2020. The quarterly survey is sponsored by Zillow and conducted by Pulsenomics LLC, an independent research firm that specializes in data analytics. The survey questioned over 100 real estate experts for their predictions about the housing market.
Survey data found the market might be shifting toward buyers, with three out of four economists surveyed saying the market would shift – but not until 2020 or later. Also according to the Zillow article Home-Value Growth is Slowing in Several Hot Markets, home values have slowed in more than half the 35 largest metros, and price cuts are now commonplace.
The largest share (43%) of respondents surveyed believed that the national housing market will shift over to a buyers market in 2020. Respondents also believe the Midwest will shift to a buyers market in 2019, a year before the rest of the country.
[Source: To get more information about this article, please visit the original Zillow press release: http://zillow.mediaroom.com/
Zillow® is a registered trademark of Zillow, Inc. Pulsenomics LLC (www.pulsenomics.com) is an independent research firm that specializes in data analytics.
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Jeff Sorg is a co-founder of OnlineEd®, a Web-based vocational school founded in 1997 where he also serves as Corporate Secretary, Chief Operating Officer, and School Director. Sorg holds vocational instructor licenses in Oregon, Washington, California, and Nevada and has authored numerous pre-licensing and continuing education courses. Sorg was awarded the International Distance Education Certification Center’s CDEi Designation for distance education in 2008-2018.
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