Tuesday, November 12, 2013

Where Prices are Headed over the Next 5 Years

by The KCM Crew on November 12, 2013 in For Agents

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
The latest survey was released last week. 

Here are the results:
  • Home values will appreciate by 4.3% in 2014.
  • The average annual appreciation will be 4.2% over the next 5 years
  • The cumulative appreciation will be 28% by 2018.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 16.8% by 2018.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values. Click here for the article in Keeping Current Matters.

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