What Experts are Saying About Future Home Prices
Today, many real estate conversations center on home 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 to better depict the results.
The results of their latest survey:
Home values will appreciate by 5.0% over the course of 2017, 4.0% in 2018, 3.2% in 2019, 3.0% in 2020, and 3.0% in 2021. That means the average annual appreciation will be 3.64% over the next 5 years.
Bottom Line
Individual opinions make headlines. We believe this survey is a fairer depiction of future values. Wondering what your home may be worth? Here at The Bouma Group, Realtors, we constantly research the local and national real estate markets and keep up-to-date with the latest trends and news. Contact us today at 734-761-3060 or email info@bouma.com and lets chat about the value your home and your future plans!
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