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The number: 53% — Americans expect local housing prices to climb

Overall, 53 percent of Americans think local housing prices will climb in the next few years, down from 62 percent in June, while the number expecting prices to fall has increased from 28 percent to 36 percent. Market predictions differ by the value of housing near where a person lives. In metropolitan areas where the median single-family home sells for $300,000 or more, nearly as many people believe prices will go down (45 percent) in coming years as say prices will go up (47 percent). By comparison, most people in metropolitan areas where home prices are lower foresee at least modest gains in housing values.

Source: Pew Research Center


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