Here’s what’s been going on in our greater Palm Springs area real estate market.In the greater Palm Springs area, we continue to be in a very strong seller’s market. To illustrate that, we
Where Are Real Estate Prices Headed In The Next 5 Years
Dated: May 20 2015
Views: 608
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.
T
he results of their latest survey
Home values will appreciate by 4.3% in 2015.
The cumulative appreciation will be 19.4% by 2019.
That means the average annual appreciation will be 3.6% over the next 5 years.
Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 11.8% by 2019.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
Source: KeepingCurrentMatters.com
Will Cook
Ranked in the top 1% of all agents valley wide and named one of the Palm Springs Life Top Realtors for 2019 and 2020, Will is an Associate Broker/Team Leader of the WILL COOK GROUP with Keller William....
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In general, we have continued to be in a very strong seller’s market. In the video above, you can see a slide that shows the correlation between the days on market and the months of sales.
To find out what’s going on in a market, agents use these five indicators.How is the market? This is a question real estate professionals get asked on a daily basis. However, unlike the stock
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