Where Prices are Headed over the Next 5 Years?

Home-Price-Expectation-275Many 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. They then average the projections of all 100+ experts into a single number. The result is the Home Price Expectation Survey.

The latest survey was released last week. Here are the results:

Home values will appreciate by 4.5% in 2014.
The average annual appreciation will be 3.94% over the next 5 years
The cumulative appreciation will be 19.7% by 2018.
Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of almost 11% by 2018.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.


3 Ways You Can Use Your Home Equity

If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity...