Where are the Home Prices Heading in the Next 5 Years?

KCM Crew, August 29th, 2017

Where Are the Home Prices Heading in The Next 5 Years? | MyKCMToday, 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 they believe 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 5.0% over the course of 2017, 4.0% in 2018, 3.2% in 2019, 3.0% in 2020, and 3.0% in 2021. That means the average annual appreciation will be 3.64% over the next 5 years.

Where Are the Home Prices Heading in The Next 5 Years? | MyKCM

The prediction for cumulative appreciation increased from 17.8% to 18.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.7%.

Where Are the Home Prices Heading in The Next 5 Years? | MyKCM

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.

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This entry was posted in Home Buying, Home Selling, Homeownership, Market Conditions and tagged , , , , , . Bookmark the permalink.

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