Today, many real estate conversations center on housing prices and where they may be headed. That is why I 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 latest survey was released the first week of September, 2014. Here are the results:
Home values will appreciate by 4.5% in 2014.
The average annual appreciation will be 3.94% over the next 5 years
The cumulative appreciation will be 19.7% by 2018.
Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of almost 11% by 2018.
Individual opinions make headlines. I believe the survey is a fairer depiction of future values.
If you have any interest in getting into the cash flow real estate market this is your signal. I encourage you to look at my opportunity where “Real Estate is Done for YOU”