HOW MUCH IS YOUR HOUSE WORTH? NOW AND LATER?

HOW MUCH IS YOUR HOUSE WORTH NOW, AND IN FIVE YEARS?

This is the latest quarterly update on home price expectations over the next five years.

Bottom line is that if you pay a fair market value of $250,000 today, that house is expected to be worth about $292,500 after five years. That is a gain of $42,500; handsome payoff from buying instead of renting. And you can probably buy for about the same amount that you are paying in rent right now.

Even the bears in the survey expect the value to be up $277,250; $27,500 is also a sizable gain and it could be a lot more.

Future Home Values: Where Do The Experts Think They Are Headed? | Keeping Current Matters

 

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 3.7% over the course of 2016, 3.3% in 2017 and 3.2% in the next two years, and finally 3.1% in 2020 (as shown below). That means the average annual appreciation will be 3.3% over the next 5 years.

Future Home Values: Where Do The Experts Think They Are Headed? | Keeping Current Matters

The prediction for cumulative appreciation slowed slightly from 21.6% to 17.7% by 2020. The experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.9%.

Future Home Values: Where Do The Experts Think They Are Headed? | Keeping Current Matters

Bottom Line

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

HOW MUCH IS YOUR HOUSE WORTH NOW, AND IN FIVE YEARS?

This is the latest quarterly update on home price expectations over the next five years.

Bottom line is that if you pay a fair market value of $250,000 today, that house is expected to be worth about $292,500 after five years. That is a gain of $42,500; handsome payoff from buying instead of renting. And you can probably buy for about the same amount that you are paying in rent right now.

Even the bears in the survey expect the value to be up $277,250; $27,500 is also a sizable gain and it could be a lot more.

LIKE MORE INFORMATION? JUST CALL OR TEXT TO 484-574-4088 OR USE ONE OF THE CONTACT BOXES ON THE SITE. SMOKE SIGNALS ALSO WORK IF YOU ARE CLOSE ENOUGH.

 

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