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Home Prices: Where Are They Headed Over The Next 5 Years?

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Home Prices: Where Are They Headed Over The Next 5 Years?

Posted by NooshiAdmin in Blog 23 Dec 2015

Prices-Headed-KCM

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 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 3.9% by the end of 2015, 3.4% in 2016 and 3.1% in each of the following four years (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

HPES-Projected-Mean-Appreciation1

The prediction for cumulative appreciation rose from 18.1% to 21.6% by 2020. Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 13.8%.

HPES-Cumulative-Appreciation-by-20201

Bottom Line

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

Source : KCM.com



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