The Cost of Waiting
While many may balk at purchasing a home because rates have edged up slightly lately, this article will show the true cost of waiting in the current market.
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 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
The latest survey was released last week. Here are the results:
- Home values will appreciate by 4.3% in 2014.
- The average annual appreciation will be 4.2% over the next 5 years
- The cumulative appreciation will be 28% by 2018.
- Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of over 16.8% by 2018.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Original article via Where Prices are Headed over the Next 5 Years | Keeping Current Matters.