Listening to the opinions and analyses of real estate experts, we hear different trends of where home prices are heading. The Home Price Expectation Survey conducted by Pulsenomics includes the opinion of a Nationwide Panel of over 100 economists, real estate experts, and investment and market strategists about where they believe prices are headed over the next five years. Then, they average the projections of all 100 panel members one 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.
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%.
Taking the opinions of over 100 experts and averaging the results, is probably the most accurate way of making predictions.
If you would like to find out what your home is worth today, contact Andreas Holder for a complimentary home evaluation!
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