Home prices and value projected to increase. In today’s day and market, many real estate conversations are mainly focused around home prices. And there are many people speculating on where home prices are heading. Home prices and value projected to increase. And the increase is not subtle.
Pulsenomics released a Home Price Expectation Survey and the findings confirm that home prices will continue to rise. Much of this is due to increased property appreciation.
Every quarter, Pulsenomics surveys a nationwide panel. The panel of survey participants, compiled of top industry experts including economists, real estate experts, investment & market strategists and business professionals.
The main purpose of the survey is to come up with a market forecast regarding where prices are headed for the next 5 years. Pulsenomics then averages the projections of the experts into 1 single number. These experts may disagree on most things but one thing is certain. Home prices and value projected to increase.
Home Prices and Value Projected to Increase
Latest findings show that home prices and value projected to increase as home values will appreciate considerably over the next 5 years. This is most noteworthy when considering the overall forecast of the future housing market.
Here is the breakdown year by year:
4.4% increase over the course of 2017
3.4% increase over the course of 2018
2.8% increase over the course of 2019
2.7% increase over the course of 2020
2.8% increase over the course of 2021
In conclusion, home values will average an annual appreciation of 3.22% over the next 5 years. Home prices and value projected to increase. Most of all, this is great news for the housing and real estate market!
Bottom Line – Get the Facts
While individual opinions may make headlines, facts are sexy and are a much more concrete depiction of future values. When it comes to the future of the real estate market – home prices and value projected to increase. In conclusion, now is a great time to sell or buy a home!