Where Are Home Values Headed Over 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 they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

Just Listed in Ft Lauderdale	Under $100,000	Under $200,000
Under $300,000	Under $400,000	Under $500,000
Under $600,000	Under $700,000	Under $800,000
Under $900,000	Under a Million	Luxury Homes in Ft Lauderdale

The results of their latest survey:

Home values will appreciate by 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.

The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%.

Bottom Line

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

Ready to buy or sell a home in South Florida?  Contact Jay Cermak Top Fort Lauderdale Real Estate Agent with The Edwards Real Estate Group at Keller Williams Realty today!  954.235.3589 and schedule a FREE Real Estate Consultation.

Past, Present & Future Home Values

In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month, and projected appreciation over the next twelve months.

Here are state maps for each category:

The Past – home appreciation over the last 12 months

The Present – home appreciation over the last month

Just Listed in Ft Lauderdale	Under $100,000	Under $200,000
Under $300,000	Under $400,000	Under $500,000
Under $600,000	Under $700,000	Under $800,000
Under $900,000	Under a Million	Luxury Homes in Ft Lauderdale

The Future – home appreciation projected over the next 12 months

Bottom Line

Homes across the country are appreciating at different rates. As we have mentioned before, the rate of home price appreciation across the country is due to a strong housing market reacting to supply and demand, and not a new housing bubble.

Interesting to note that here in South Florida as a state we have outpaced California in 2 of the charts and in the next 12 months homes are expected to appreciate at 9%...higher than just about all the other states except california.  It's a GREAT time to buy here in South Florida!

If you plan on relocating to another state, and are waiting for your home to appreciate more, you need to know that the home you will buy in another state may be appreciating even faster.

Meet with a local real estate professional who can guide you through the next steps and help you decide what's right for you.

Contact Jay Cermak, Top Fort Lauderdale Real Estate Agent with The Edwards Real Estate Group and schedule a FREE Real Estate Consultation today!  954.235.3589