US Housing

Why our house price forecast is bottom of the pack

US Housing Market Update
Written by Capital Economics Economist

Our forecast for a rise in house prices of 2% in 2019 is close to the bottom of consensus. That view is supported by evidence that housing market conditions have loosened, and that the size of mortgage applications for home purchase have started to shrink. Falling house price expectations will keep home sales subdued this year, and we see no reason to up our forecast towards consensus at this time.