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.
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