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

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Real Estate Agent with PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties

Where Are the Home Prices Heading in the Next 5 Years, Sarasota?

Where are Home Prices Heading in the Next 5 Years Sarasota? | ThinkSuncoast.com

 
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 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 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years. Home Price Projection | ThinkSuncoast.comThe prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%. Culmulative Home Appreciation | ThinkSuncoast.com  

Bottom Line

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

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Tags:
real estate sarasota
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home prices sarasota florida

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Rainmaker
3,171,781
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Interesting predictions on this great subject.  I need to check back in a few years and see if it pan out this way!

 

Feb 27, 2017 08:59 AM #1
Rainmaker
144,056
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

Yes, Will Hamm, it's always interesting to see how the predictions pan out!

Feb 27, 2017 09:04 AM #2
Rainmaker
1,498,754
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Julie, we shall see in five years how the market is doing. I worked with an investor for a total of six years, when I first met him, he was 74 years old, he gave me one advice, I never forget "throw your hat and wherever it lands, buy it as you'll never lose in real estate if you make a smart move".

Feb 27, 2017 10:24 AM #3
Rainmaker
144,056
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

Beth Atalay, sounds like you worked with a wise investor! I imagine his words ring true especially for those of use in Florida!!!   

Feb 27, 2017 12:30 PM #4
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Rainmaker
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Julie Larson Realtor® Sarasota FL 941-882-0322

When you're thinking of moving...ThinkSuncoast.com
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