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.
Lincoln Park Pomona – A Hidden Gem in Los Angeles County
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Find Out What Your Homes Worth Upland?
Request below: [gravityform id="13" title="true" description="true"] Do you ever wonder how much your home in Upland Ca going to be worth in 2017? Our new system gives you everything you need to know about your neighborhood and your home. With this system, we...
Olly Olly Oxen Free…Feds Expose Cash Buyers Behind Real Estate Purchases
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United States – Most Expensive Homes Sold in 2015
It would be hard to say that the US is in a housing crisis when we're seeing homes being sold for over $45Million. The thought of living so lavishly is quite fun. Sprawling compounds with ocean front views or hilltop manors with expansive vistas...what's your...
It’s Thursday! The Best Day to List Your Home
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California Sees Largest Decline in Short Sales in Nation
It seems like the housing crises would never end...and it seems that CoreLogic states that we will see distressed property sales for at least another 4 years...about 2020. However, I think this is what we predicted in 2012...about another 8 years back then...so we're...
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Sweet Cali Bungalow in Ontario California for Sale
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Unregulated Government Entity Accused of Rogue Methods – CFPB
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Claremont Drought Conditions Opens Doors to Unique Curb Appeal
This Claremont home owner has established a vegetable garden in their front yard that produces tomatoes, berries, squash and assorted vegetables. The beauty of this, is their usage of water drip systems rather than traditional sprinklers.
Foreclosure vs Short Sale…walking away is not to your advantage
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Drought Conditions and Selling Homes in California
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Breaking News: 7.9 Million Homeowners Are Underwater
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35% of Americans Say Housing Crisis is Over
An article today in TheTruthAboutMortgage.com quotes the findings from MacArthur Foundation that 41% of Americans feel we're still in the middle of the housing crisis and another 20% feel the worst is yet to tome! Yikes...that doesn't seem like much housing...
Hollywood Movie About…Foreclosure…Drama and Suspense!
Hollywood enters the foreclosure business with “99 Homes”.
A real life scenario based on the housing industry crash.
It literally “hits home!”
New Report: Price your home right
Here is a great article from National Association of Realtors on setting expectations for a successful home sale. It's a great read, and very informative for those of you thinking of selling. Kris and I use a pretty standard practice with the homes we represent,...
More Homes Needed
If we stay the course, the nation will realize stagnant home sales causing more broad spread issues across the affected housing reliant industries. Bummer!
Is There Humor in Real Estate?
Sometimes you just need to laugh. Realtors are too serious. Our lack of a humor is contagious...just attend our local Friday caravan and you'll understand what I mean. I guess it's the stress of not knowing when your next paycheck is going to arrive that get's agents...