Expected Fed hikes biggest impediment to a rebound in housing turnover - Reuters poll

A majority of analysts polled by Reuters cited expected Federal Reserve interest rate hikes as the biggest impediment to a rebound in housing turnover, followed by lack of available supply of single-family homes and weak wage growth.

Key points

US house prices forecast to rise 6.1 percent in 2018, 4.7 percent in 2019 (vs 5.7 percent, 4.3 percent in may poll)

Strong rise in property prices is not supported by robust turnover and activity, but instead a shortage of supply