Experts Say Housing Prices Are About to Turn
Each quarter the independent research and consulting firm Pulsenomics conducts a survey of economists, investments strategists, and housing market analysts about their expectations for the housing market over the next five years. Below are the results.
Expected Price Appreciation/Depreciation Over Next 5 Years:
2012: -.4%
2013: +1.3%
2014: +2.6%
2015: +3.2%
2016: +3.5%
They also state, “The average pre-bubble (1987-1999) annual appreciation was 3.6%.” Signs of this changing trend toward appreciation can be seen as early as January 2012, when Realtor Mag, the official magazine of the National Association of Realtors®, predicted appreciation of up to 5.8% in various housing markets.
What does this mean for us? The housing market is continuing to rebound.
Tags: appreciation, home owners, Housing Market, real estate trends, Realtor Mag, survey
