Where are Prices Headed?

A few days ago I published the median price predictions for Ada County for this year. Today will be national predictions for the next 5 years.

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 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.