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 4.3% in 2015.
- The cumulative appreciation will be 19.4% 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 11.8% by 2019.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Keep in mind these are nationwide projection. Orange County and Southern California in general do better than most markets out there because we are a financial hub and hey, everyone wants to live in Sunny So Cal.
If you’re thinking of selling while the gettin is good, check out our “Sell Our House Free” program and if you’re looking to buy you’ll want to see our Buyer Cash Back option.
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