Team Tudisco shares recent data on how home values are expected to perform over the next 5 years.
One of the top questions we get as agents is where the prices of homes are headed. We all want a full recovered economy and frankly we are certainly on our way. Distressed property inventory has fallen nationwide and values are on the rise. To see where we are headed 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 as displayed in this graph below. You can see the following;
– Home values will go up by 4.5% this year
– Average annual appreciation will be 3.94% over the next 5 years
– Cumulative appreciation from 2014 to 2018 will be 19.7%
– Experts making up the most bearish quartile of the survey still project a cumulative appreciation of almost 11% during the 2014 to 2018 period
If you are in the market to buy a new home or sell and buy all signs are pointing to real estate as being a solid choice for investing in your future. For other tips on why now is a good time to sell look at last week blog on Top 5 Reasons To Sell Now .
Our best to you always,
Nicole & Tony Tudisco