Where Are Prices Headed Over the Next 5 Years?
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
§ Home values will appreciate by 4.8% in 2014.
§ The cumulative appreciation will be 23.5% by 2019.
§ That means the average annual appreciation will be 3.6% over the next 5 years.
§ Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 15.1% by 2019.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Want to know about home prices in Cuyahoga Falls or Stow. Call me.........I'll be glad to review recent sales activity with you for your area.
Tony Morganti, CRS, ABR