A real world view of the future of housing.
First of all, Where Are 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 economists, real estate experts, and investment strategists about where they believe prices are headed over the next five years. Because of this, 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.
Where Are Home Prices Heading in the Next 5 Years?
As a result, the prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. Most noteworthy, experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.
Where Are Home Prices Heading in the Next 5 Years?
Bottom Line
Individual opinions make headlines. We believe this survey is a fairer depiction of future values.
Stuff….When You Short Sale….YARD SALE!
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JP Morgan Chase Bank Offering Big Rewards to Sellers That Short Sale -vs- Foreclosure
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Short Sell and Rent Back
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HOA Fees After Bankruptcy Filing…You Are Still Responsible For Fees
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Live Webinar For Homeowners And Investors Considering A Short Sale
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Wells Fargo Is Taking Away My Reward Points….
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Bank Of America To Offer Homeowners Cash For Keys…If They Short Sale
Wow, this is good news for homeowners that want to avoid foreclosure but need some money to move on. Bank of America has stepped up and decided that it's more beneficial to offer cash for keys before a foreclosure happens...dah! This new program will be rolled out in...
HOA Knowledge…Buyer Beware!
While you may be familiar with basic due diligence for HOAs, there are additional risks a buyer needs to understand to protect themselves when purchasing a home for sale in a common interest development community: Unfunded or seriously underfunded reserve and...
Cool Sport Cribs…
Sometimes we need to imagine living some of the "finer" luxuries of life. I'm more of a sports participant...opting out of the hours of mindless TV sport programs...I find more joy in sweating and getting "beaten" up by my opponents...or beating them. I found these...
Are You Stuck? Consider a Short Sale…Foreclosure Sucks!
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Burt Reynolds Faces Foreclosure…Can a Short Sale Stop The Process?
Sad news for Burt Reynolds: the legendary actor is facing a foreclosure action on his Florida home after failing to make mortgage payments for more than a year, according to the Telegraph. Merrill Lynch, which owns the mortgage, filed suit against the actor in county...
Skeletons in Your Closet…or Basement? This Would entice a Bank to Short Sale
Gruesome! In this image taken in July 2011 shows the tomb and skeleton of what is believed to be an 800-year old Russian man that rests in the cellar. A Swedish real estate agent has an unusual piece of property up for sale: a five-bedroom house, complete with...
Pricing Your Home To Sell…7 Frequent Mistakes
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Rental Nation…Unemployment…National Debt…From Short Sale To Long Term Renter?
Short Sales, Foreclosures Low Interest Rates…Why Is Renting More Desirable?
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Interest Rates Rising Due to S&P Lowering US Credit Rating…Yes
We've not realized an immediate change however, it's likley as the smoke clears from the Standrd and Poore's Downgrade of the US credit rating from "AAA" to "AA+"; the first time since S&P began rating countries back in 1941. So, imagine if your credit rating was...