The Home Price Expectation Survey, done every quarter by over 100 real estate experts, economists, and investment and market strategists, gives us a good idea of where the experts see the market going in the next 5 years. After averaging out the results of the latest survey, here is what they came up with:
- Home Values expected to go up 4.4% in 2015
- Expected Cumulative Appreciation – 19.3% by 2019
- Even the most pessimistic quartile of these experts expect an 11.7% increase by 2019, while the more optimistic expect an increase of 27.5%.
- Annual growth on average – 3.6% per year
Individual opinions are easy to come by, but surveys such as these provide a well-rounded look at where the experts see the market heading.