Today, real estate conversations often center on housing prices and in what direction they may be headed. A good “crystal ball” is 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 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 4.4% in 2014.
- The cumulative appreciation will be 19.5% by 2018.
- That means the average annual appreciation will be 3.6% over the next 5 years.
- Even the experts making up the most cautious quartile of the survey still are projecting a cumulative appreciation of 9.4% by 2018.
Individual opinions make headlines, but this survey provides a fair depiction of future values.
Visit us at http://www.BHHSCarolinas.com to find to a real estate professional who is well qualified to help you buy or sell a home.