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. Here are their findings:
The results of their latest survey
The latest survey was released last week. Here are the results:
- Home values will appreciate by 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.Home values will appreciate by 6.7% in 2013.
- The average annual appreciation will be 4.7% over the next 5 years
- The cumulative appreciation will be 23.7% by 2017.
- Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 13% by 2017.
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%.Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.