carolsawdeyteam.com Most of the real estate conversations we have these days revolve around home prices – are they stable?, are we in a bubble?, where are they headed?…
Individual opinions may make headlines, but we believe a survey of over 100 of the top economists, real estate experts and investment and market strategists provides a fairer depiction of future values. The latest quarterly Zillow Home Price Expectations survey, conducted by Pulsenomics LLC cites the following for large markets nationwide:
- We will see appreciation of 3.6% through 2014
- Appreciation will be 4.4% in 2015
- Cumulative appreciation through 2018 will be 19.5%
- This averages out to 3.6% appreciation per year through 2018
A “normal” housing market is 3-4% appreciation and is often tied to inflation rates so they are an important trend to follow. And as most real estate pricing and appreciation is locally based these numbers may not apply to your particular neighborhood. On a whole though, we feel this is great ammunition to arm yourself with as you decide to buy or sell over the next couple of years.
Need advice for your particular situation? As your local Realtor and Trusted Advisor, we’re happy to help you with any questions you may have. No hassles, no obligation – just great answers you can trust in.