Where Are Prices Headed Over the Next 5 Years?
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 4.8% 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.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Want to know about home prices in Cuyahoga Falls or Stow. Call me.........I'll be glad to review recent sales activity with you for your area.