Every Quarter, Pulsenomics, an Economics Research and Consulting firm, surveys a nationwide panel of over one hundred economists, real estate experts, and investment and 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 4.5% over the course of 2016, 3.6% in 2017 and about 3.2% in the next two years, and finally 2.9% in 2020 (as shown below). That means the average annual appreciation will be 3.5 % over the next 5 years.
The Prediction for cumulative appreciation increased over a full point from 17.5% to 18.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 11.1%
For your real estate queries, contact Shital Doshi Shah
Shital Doshi Shah is a Residential, Commercial and Relocation Realtor in the Greater Seattle area. She works hard to provide her clients with the most positive real estate experience possible. A vital part of today’s real estate industry is technology, and to that end she provides her clients with state-of-the art marketing and web tools. It’s just one of the many things that has made her one of the most respected real estate agents in the communities and neighborhoods she services.