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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 4.6% in 2014.
- The cumulative appreciation will be 19.5% by 2018.
- 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 11.2% by 2018.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values. If you would like to know the current value of your property, please give us a call, text or email today!
-Steve and Sandra
Steve Hill and Sandra Brenner
SEATTLE-NORTHWEST
Windermere Real Estate
