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Where Will Home Prices Be in 5 Years?

Monday, December 12, 2016   /   by Lynn Goodale

Where Will Home Prices Be in 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 they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.

Where will Home Prices be in 5 years _ projected.JPGThe prediction for cumulative appreciation ticked up from 18.7% to 21.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 10.2%.

Where will Home Prices be in 5 years _ Cumilative.JPG

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.To discuss teh sale of your home, or the purchase of a home, call Austin and Lynn and 602-799-7099 and Start Packing!




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