The survey indicates a predicted home-price growth of 4.7% for this year which is expected to decrease to 3.1% by 2025, reflecting a deeper understanding of housing market dynamics.
Panelists expressed that while zoning reforms could impact housing supply, the expected results might be moderate or insignificant, highlighting a cautious approach to these policies.
Mark Palim noted that despite challenges, home-price growth expectations have exceeded projections due to limited housing supply, emphasizing a fundamental lack of housing relative to demographic demands.
A significant majority, 63%, of experts are skeptical about the effective implementation of proposed housing initiatives over the next five years, indicating a gap between ideal and reality in housing policy.
Collection
[
|
...
]