Which Way Do 100 Experts See Home Prices Headed?

ImageI believe that individual views make headlines but that surveys determine a consensus.  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.

Then they average the projections of all 100+ experts into a single number.

The results of their latest survey

The latest survey was released last week. Here are the results:

  • Home values will appreciate by 6.7% in 2013
  • The average annual appreciation will be 4.7% over the next 5 years
  • The cumulative appreciation will be 23.7% by 2017
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 13% by 2017

Remember, these are still just projections, but I do feel they carry more weight when they’re the average of 100 top Pros in the industry.  I like where we’re headed, I think 4.7% a year is reasonable without fear of it being too much too fast, and I still think now is a great time to buy if you’ve been thinking about it.

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About CarolSawdey

I'm a Broker/Realtor in the San Ramon Valley. A trusted advisor in the local community: We help people buy and sell homes. We counsel them thoroughly. We negotiate to their advantage. We keep their stress to a minimum. And we love what we do!
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