Projected Housing Prices

Many real estate conversations center on projected housing prices and where prices 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.

Projected Housing Prices

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.

Projected Housing Prices

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

 

Bottom Line: Projected Housing Prices

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.  Hopefully this information will help you in your near and future home selling & home buying decisions.