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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

Categories: Home Buying, Home Selling, Real Estate News