Tim's Blog
15
Aug

Where Are Home Prices Headed Over the Next 5 Years?

Where Are Home Prices Headed Over the Next 5 Years? | MyKCM

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 4.5% over the course of 2016, 3.6% in 2017 and about 3.2% in the next two years, and finally 2.9% in 2020 (as shown below). That means the average annual appreciation will be 3.5% over the next 5 years.

Projected Appreciation | MyKCM

The prediction for cumulative appreciation increased slightly from 24.7% to 26.3% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 11.1%.

Cumulative Price Appreciation | MyKCM

Bottom Line

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



Tim Helton
BRE 01436712, NMLS#256721
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Office: 530-741-1234
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Welton Realty
602 D St.
Marysville, CA 95901
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