With inventory presently below historically normal levels, current & future home prices have been the topic of many real estate conversations. The most recent Home Price Expectation Survey was just released; giving insight into where experts believe prices will be leading up to 2019.
Every quarter, Pulsenomics surveys a nationwide panel of over 100 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.
Here are some highlights from their latest survey:
- Home values will appreciate by 4.4% in 2015.
- The cumulative appreciation will be 19.3% by 2019.
- That means the average annual appreciation will be 3.6% over the next 5 years.
- Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 11.7% by 2019.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Follow and Share this blog for current real estate news and views for St Petersburg, Sarasota and Tampa Bay.
Call Christina Stramiello at Lifestyle by Design today for your free real estate consultation. No strings, no pressure, just great information.
Visit wwwLifestyleByDesignRealEstate.com to view available homes directly off the MLS. (Faster and more relevant than third-party sites such as Zillow or Trulia.)
By Christina Stramiello, PA
Broker: Robert Slack Fine Homes, LLC
3320 SW 33rd Rd, #100
Ocala, FL 34474