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    Home Prices: Where Will They Be in 5 Years?

    The more time, the more money.

    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 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.

    Home Prices: Where Will They Be in 5 Years? | MyKCM

    The prediction for cumulative appreciation ticked up from 18.7% to 21.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 10.2%.

    Home Prices: Where Will They Be in 5 Years? | MyKCM

    Bottom Line

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

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    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Metro Phoenix area.

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