Today, many real estate conversations center on housing prices and where they may be headed. That is why I 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 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.
The prediction for cumulative appreciation ticked up from 18.7% to 21.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 10.2%.
In A Nutshell
Individual opinions make headlines but I believe this survey is a fairer depiction of future values. Who wouldn’t want to make an average of 21% on a 5 year investment?
The market is still appreciating. That means it’s good to be a buyer OR a seller at this time… If you are a seller your house has appreciated and you have significant equity in your house allowing you to MOVE UP to your dream home. If you are a buyer, you still have plenty of appreciation left in a new home and if purchasing your first home (at historically LOW interest rates) you are STILL making a great INVESTMENT!
Got questions?? I’ve got answers – let me add some value to your financial knowledge database! My clients make good decisions because they are well-educated, the transaction is well-executed, and the CLOSING is well-delivered!
Contact me today to learn more! 413.301.4614 OR tedenton109@gmail.com
Tori Denton, PSA, Realtor Licensed MA & CT 
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