The KCM Blog - Buying
or Selling a Home? Where Are Values Headed?
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Posted: 12 Aug 2013 04:00 AM
PDT
Today, many
real estate conversations center around housing prices and where they may be
headed. Some believe rapidly rising prices have created a new ‘housing
bubble’. Others believe that the sudden rise in interest rates will impact
purchasing power to such a degree that it will force prices downward. There
is no lack of opinions and there is absolutely no consensus.
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 averages 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 6.7% in 2013.
§ The average annual appreciation
will be 4.7% over the next 5 years
§ The cumulative
appreciation will be 23.7% by 2017.
§ Even the experts
making up the most bearish quartile of the survey still are projecting a
cumulative appreciation of over 13% by 2017.
Individual opinions make headlines.
We believe the survey is a fairer depiction of future values.
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