Where are home prices heading in the next 5 years?

Posted by Andreas Holder on Monday, February 27th, 2017 at 12:08pm.

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!

 

 

 

Andreas Holder, Chicago Real Estate AgentAre you thinking about buying a home this year in Chicago? Andreas Holder can help! Let him be your guide to the downtown Chicago real estate market and help you find a home that not only matches your needs, but your lifestyle too.
Learn more about Andreas or start your home search now.

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