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US Home Prices Seen Rebounding After an Expected $1 Trillion Plunge This Year
- Housing poll respondents expect prices to drop 2% this year
- Rebound anticipated to gain traction in 2025 through 2027
Homes in Rocklin, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
US residential real estate may lose close to $1 trillion in value this year, but that loss will be transient as home prices are expected to rebound, according to a new poll.
Respondents expect prices to fall 2% nationally this year, which implies that the value of the US housing market will fall to $46.9 trillion from $47.9 trillion at the end of 2022, per results of the poll conducted by housing analytics firm Pulsenomics.