Estimations of Home Prices, Next 5 Years

Often real estate conversations center on housing prices and where they might be going. The Home Price Expectation Survey done every quarter by Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They take an average of the projections of all 100+ experts and convert them into a single number.

The recent survey

The latest survey was released last week. Here are the results:

~ Home values will appreciate by 4.5% in 2014.

~ The average annual appreciation will be 3.94% over the next 5 years

~The cumulative appreciation will be 19.7% by 2018.

Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of almost 11% by 2018.

Although dissimilar estimations often make headlines, the survey seems a more accurate depiction of future values.images

 

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