Your Largest Investment in 5 Years
Many real estate conversations focus on housing prices and what will happen in the future. For expert opinions, I like the Home Price Expectation Survey.
Every quarter, Pulsenomics surveys a nationwide panel of 100+ economists, real estate experts, and investment & market strategists about where they believe real estate prices are headed over the next 5 years. The projections are then averaged into a single number.
The results of the Pulsenomics survey:
Home values will appreciate by 4.0% during 2017, 3.2% in 2018 and 3.0% from 2019-2021 (as shown below). This means the average annual appreciation will be 3.24% over the next 5 years.
The prediction for cumulative appreciation is 21.4% by 2021. Even the bears predicted 10.2% appreciation while bulls predicted 30.8% appreciation.
Real Estate Bottom Line
Owning a home remains a good investment!
Leave a Reply