The latest opinion poll conducted by Reuters on some economic analysts that the continuation of the Federal Reserve to raise interest rates is the biggest obstacle to the recovery of the housing market. Continued monetary tightening is followed by a shortage of household supply and weak wage growth.
Housing market prices are expected to rise by 6.1% this year, and by 4.7% in 2019 (compared to May forecast of 5.7% and 4.3%, respectively). Surveys indicated that the strong rise in the property market is not supported by an improvement in the performance of the sector as a whole, but instead will cause a shortage of supply.
