Good Morning Lakewood/Great forecast, wouldn’t you agree?

Where Prices are Headed over the Next 5 Years

brought to you by THE KCM BLOG

Home-Price-Expectation-275

 

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 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

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

  • § Home values will appreciate by 4.3% in 2014.
  • § The average annual appreciation will be 4.2% over the next 5 years
  • § The cumulative appreciation will be 28% by 2018.
  • § Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 16.8% by 2018.

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

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Before going into real estate in 2001, I worked in the medical field. Found it very rewarding helping others and decided to make a switch and help those, who want to achieve the "American Dream". As a homeowner, I know the importance of home ownership and nothing gives me more pleasure than to place those keys into the hands of a new homeowner. I look forward to helping you, with all your real estate needs.

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