5 Year Outlook on Home Prices

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.

We believe the survey is a fairer depiction of future values. 

It is a great time if your thinking of buying for the first time. There are some awesome loan programs available to you. Call Laura Contreras with Right Start Mortgage today to find out more at 562.691.5800 or you can visit her Facebook page at http://goo.gl/uVdCXd

If you are wanting to know what your current value is on your home or investment property, please don't hesitate for your FREE Evaluation Report. Call or Text me today at 714.612.6446.