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 results of their latest survey
- Home values will appreciate by 4.6% in 2014.
- The cumulative appreciation will be 19.5% by 2018.
- That means the average annual appreciation will be 3.6% over the next 5 years.
- Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 11.2% by 2018.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
What does this mean for you? Now might just be the time to start your research on selling or buying. And we’re here to help.
We have a team of experts who know your market.
Contact our team today. Don’t forget to ask for a complimentary market analysis!
As always, we’re never too busy for your referrals!
Photo Credit: KCM
Source: KCM ” Home Prices… Where are They Headed?”