This article is based on a survey of experts that was conducted in May 2018 [0]. Many of those experts cited monetary policy, and the Fed did indeed raise rates three times over the remainder of 2018. However, the Fed has subsequently cut rates twice. In other words, this is outdated and shouldn't have been submitted.<p>[0] <a href="http://zillow.mediaroom.com/2018-05-22-Experts-Predict-Next-Recession-Will-Begin-in-2020" rel="nofollow">http://zillow.mediaroom.com/2018-05-22-Experts-Predict-Next-...</a>
An owned by Zillow house has been for sale in my neighborhood for 5 months. Meanwhile 5-6 other houses have sold including my neighbors. Myself, my mother-in-law, brother-in-law, and 2 co workers have bought and sold (except me) houses this year with ease. The houses were on the market for less than 30 days with offers at or above asking prices, 2 of them had small bidding “wars”. They had offers at the first open house.<p>I closed in March and everyone that closed after me has gotten a better rate due to the Fed drop.<p>Still shocked the owned by Zillow house has not sold.
Zillow can't even get my original purchase price within 100% of reality despite it being public record. Also, it estimates my home value almost 40% off identical floorplans on my same street.