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Tuesday, November 12, 2013

Where Prescott Prices are Headed over the Next 5 Years





Where Prices are Headed over the Next 5 Years

Posted: 12 Nov 2013 04:00 AM PST

Home-Price-Expectation-275Today, 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.




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