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.
Happy Birthday to My Lovely Wife and Partner…
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IRS Extends Federal Tax Due Date to April 18…In Honor of Emancipation Day
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Southern California Home Sales Down 10% in February…More Short Sales?
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Christina Aguilera Selling Beverly Hills Estate…$13.5Million
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Cary Grant's former Palm Springs Abode…$2.995 Million
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California Association Of Realtors Help Homeowners With Short Sales!
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MARS Act Disclaimer
This entire page is a disclaimer required on behalf of the Federal Trade Commission who, to date has not implicated 1 CEO, President or VP from any major bank for their actions in creating and escalating the failure of the mortgage banking and housing industry. The...
HAMP Massive Flop According to Treasury…Even More Short Sales Coming
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Cash is King in California…Cash Buyers for February Represent almost 31% of Home Sales
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This Could Be the End of Banks as We Know It…We Called This
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NAR Release: Homeowners in Default…Stay in Home and Average of 19 Months without Payments…Still More Short Sales Coming
What is a short sale? This release from NAR just today... Banks and mortgage servicers are taking more time to foreclose on defaulting home owners--a process that can take up to 2 years now, USA Today reports. A backlog in foreclosures has occurred within a number of...
Case-Shiller Home Prices Drop Across US another 3.9%…More Short Sales
Data through December 2010, released this morning byStandard & Poor’s show that the S&P/Case-Shiller national home price index declined by 3.9 percent quarter-over-quarter during the last three months of 2010. The closely watched gauge is down 4.1 percent...
Celebrating Presidents Day…Current and Former Presidents Homes…Any Short Sales?
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Frankie Muniz "Malcolm in the Middle" Star Selling Hollywood Hills Home
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New York Judge Rules "MERS" is "Illegal" in it's Practices…More Short Sales
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2011 Grammy Nominees Homes
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Judy Garlands Former Los Angeles Home For Sale $5.5 Million
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