Where Prices are Headed over the Next 5 Years
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
The latest survey was released at the end of 2013, and here are the results:
- Home values will appreciate by 4.3% in 2014.
- The average annual appreciation will be 4.2% over the next 5 years
- The cumulative appreciation will be 28% by 2018.
- Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 16.8% by 2018.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.