What will Happen to the Housing Market in the Next 5 Years?

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What will Happen to the Housing Market in the Next 5 Years?

There has been a lot of conversation about housing prices lately. With so many questions about where the housing market is headed, we’re excited about the release of the informative Home Price Expectation Survey.

A quarterly survey done by Pulsenomics gathers information from a panel of over one hundred economists, strategists and real estate experts about their opinions of the housing market’s direction in the next five years. Based on all of the expert’s expected prices, they then create one average number.

The results:

An appreciation level of 4.0% is foreseen for home values in 2016, 3.4% for 2017, 3.0% in the next 2 years and 2.8% in the year 2020 (see chart below). As a result, over the next five years we will see an average annual appreciation of 3.2%.

What will Happen to the Housing Market in the Next 5 Years?

Cumulative appreciation has decreased by a small amount from 25% to 24.7% by the year 2020. A quartile of the experts are still projecting an appreciation of 9.9%.

What will Happen to the Housing Market in the Next 5 Years?

Bottom Line
This type of survey offers a much more thorough look into the possible trends in the housing market.

Have you decided to start looking for your dream home in Mt. Holly? Check out our wide range of Mt. Holly Homes for Sale!

If you need some direction from one of our real estate professional feel free to give us a call at 704.997.3794 or send us a message here to get started!

Not sure how much you can afford? Use this Mortgage Calculator to find out!

If you decide you don’t like your home we will sell it for free. *some conditions apply*

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What will happen to the housing market for the remainder of the year