Where Are Home Values Headed?

47240449895859.r2FzKrmhPYKr3PbaHuAQ_height640

Lately, real estate conversations center on housing prices and where they may be headed.

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. It is called the “Home Price Expectation Survey.” They then average the projections of all 100+ experts into a single number.

The results of their latest survey are:

  • Home values will appreciate by 4.1% in 2015.
  • The cumulative appreciation will be 18.1% by 2019.
  • That means the average annual appreciation will be 3.4% over the next 5 years.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.5% by 2019.

Individual opinions make headlines. I believe the survey is a fairer depiction of future values.

 
JoAnn Petrosino, REALTOR®, ABR, CRS, GRI, CHMS, CNS
Coldwell-Banker Apex Realtors®

0 Comments

A Key Opportunity for Homebuyers

by | Jun 28, 2022 |

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding...