The Zillow Home Price Expectations Survey, fielded by Pulsenomics, surveyed 111 housing experts throughout the month of August. The panel included economists, researchers, analysts and academics. And their insight reveals some hopeful predictions.

Since the pandemic began in 2020, housing inventory was outpaced by record-high demand. The ability to work remotely, in turn, spurred a “Great Reshuffling,” especially to exurb communities. Coupled with low interest rates, the market was quickly oversaturated with buyers. Inventory, meanwhile, stalled. New construction also slowed under the weight of supply-chain issues, caused by the ongoing pandemic. The overall lack of supply contributed to sky-high home prices, which reached an annual appreciation of 17.7% in August.