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 2016, 3.4% in 2017 and 3.0%
in the next two years, and finally 2.8% in 2020 (as shown below). That means
the average annual appreciation will be 3.2% over the next 5 years.
The prediction for
cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The
experts making up the most bearish quartile of the survey are still projecting
a cumulative appreciation of 9.9%.
Bottom Line
Individual
opinions make headlines. We believe the survey is a fairer depiction of future
values.
Looking to Buy, Sell, or Invest? Contact:
David Demangos
858.232.8410
Locally Known, Globally Connected
Luxury Home Marketing Specialist
Global Property Specialist
David@AwesomeSanDiegoRealEstate.com
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
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