REALTORS®’ Expect Continued Home Price Growth in Most States in the Next 12 Months

REALTORS®’ Expect Continued Home Price Growth in Most States in the Next 12 MonthsIn the monthly REALTORS^® Confidence Index Survey, the National Association of REALTORS^® asks members “In the neighborhood or area where you make most of your sales, what are your expectations for residential property prices over the next year?” Among REALTORS® who responded to the March 2017 survey, the median expected home price change in the next 12 months was four percent (3.8 percent in February 2017; 3.7 percent in March 2016), based on the March 2017 REALTORS^® Confidence Index Survey Report. Lack of supply amid strong demand has propped up home prices.