Today, many real estate conversations center on housing prices and where they may be headed. That is why I like to share the results of 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.
You may see many articles representing individual opinions. But, this is a great way to get a fair depiction of where Realtors feel future prices will be nationwide. With Denver being one of the most popular cities in the nation, I suspect that our appreciation results will be among some of the strongest making a home investment a very smart investment in your future.
I’m available to meet and talk about your home buying and selling goals. Just get in touch with me at [email protected] so we can set up a meeting.
