Zillow and Pulsenomics 2nd Quarter Survey

The Q2 Zillow and Pulsenomics Home Price Expectations Survey, which is a survey of the top 100 to 150 economists in the US, showed some interesting forecasts on housing:
Of the 114 economists surveyed this time, participants expect on average 4.8% appreciation per year over the next 5 years. Cumulatively, they expect over 26% appreciation.
While it's not easy to buy a home, it still may prove to be a smart financial decision. Risk outlook: 14% risk to upside, 29% balanced, 56% risk to downside.
On housing currently being in a bubble: 65% no, 35% yes ~ On soft landing: 71% said no, 29% said yes – most believe we will see a recession ~ On peak inflation at 8.5%: 59% said no, 41% said yes

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