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      Blog :: 02-2016

      Future Home Values: Where Do The Experts Think They Are Headed?

      Future Home Values: Where Do The Experts Think They Are Headed? | Keeping Current Matters

      Future Home Values: Where Do The Experts Think They Are Headed? | Keeping Current Matters

      Today, 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 they believe 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:

      Home values will appreciate by 3.7% over the course of 2016, 3.3% in 2017 and 3.2% in the next two years, and finally 3.1% in 2020 (as shown below). That means the average annual appreciation will be 3.3% over the next 5 years.

      Future Home Values: Where Do The Experts Think They Are Headed? | Keeping Current Matters

      The prediction for cumulative appreciation slowed slightly from 21.6% to 17.7% by 2020. The experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.9%.

      Future Home Values: Where Do The Experts Think They Are Headed? | Keeping Current Matters

      Bottom Line

      Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

      What You Don't Need to Hear From Your Listing Agent

      You?ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:

      1. Set the market value on possibly the largest asset your family owns (your home)
      2. Set the time schedule for the successful liquidation of that asset
      3. Set the fee for the services required to liquidate that [...]

      Homes Selling Quickly Across the Country Boston Ranks!

      Homes Selling Quickly Across The Country | Keeping Current Matters

      According to the National Association of Realtors' (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014.

      32% of homes across the country were on the market for less than a month!

      Colorado, Utah and Delaware led all states as homes are selling in 30 days or less on average. The map below was created using results from NAR's Monthly Realtor Confidence Survey.

      Homes Selling Quickly Across The Country | Keeping Current Matters

      Bottom Line

      Buyer demand remains strong. The inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, meet with a local real estate professional who can help you take advantage of current market conditions!

       
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