The 106 economists, real estate experts and investment and market strategists surveyed by Zillow (Z) said they expected median U.S. home values to rise to $167,490 by the end of this year, up from $156,900 at the end of 2012 and $161,000 currently.

The panelists on average predicted that — based on current expectations for home value appreciation over the next five years — U.S. home values could approach new record highs by the end of 2017, coming very close to the previous peak level of $194,600 set in May 2007.

Based on current expectations for home value appreciation over the next five years,