Where Are Home Prices 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.

     Where Are Home Prices Headed Over the Next 5 Years?

    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 4.5% over the course of 2016, 3.6% in 2017 and about 3.2% in the next two years, and finally 2.9% in 2020 (as shown below). That means the average annual appreciation will be 3.5% over the next 5 years.

    The prediction for cumulative appreciation increased slightly from 17.5% to 18.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 11.1%.

    Bottom Line
    Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

    The post Where Are Home Prices Headed Over the Next 5 Years? appeared first on Trey Willard - Baton Rouge Real Estate Agent.

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