Where Are the Home Prices Heading in the Next 5 Years?

Where Are the Home Prices Heading in the Next 5 Years?

Where Are the Home Prices Heading in 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.

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 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.

To See Your Home Value Click The Link Below

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Sales at Highest Pace in 10 Years! 

Highlights:

• 5.45 million existing #homes were #sold in 2016! This is the highest mark set since 2006.
• Inventory of existing #homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
• The median price of #homes sold in December was $232,200. This is the 58th consecutive month of year-over-year price gains.
• For More Info Call Or Visit: www.celinavazquezrealtor.com
• 909-697-0823