Where Are Home Prices Headed?
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 for the Home Price Expectation Survey.
The projections of all 100+ experts are averaged into a single number.
The results of their latest survey:
Home values will appreciate by:
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4.0% over the course of 2016
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3.4% in 2017
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3.0% in the next two years
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and finally 2.8% in 2020.
That means the average annual appreciation will be 3.2% over the next 5 years.
The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%.
We believe the survey is a fair depiction of future values.
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This beauty for example will not last long, but offers an exclusive opportunity with Spanish-style charm set in the coveted Mt. Carmel neighborhood of Redwood City.
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