(MLS / Realtor.com)The Art Hotel in Palm Springs, CA, has been looking to book a buyer for a long stay. Owner and designer Tracy Turco reimagined the 1960 lodge as
Where Are Real Estate Prices Headed In The Next 5 Years
Dated: May 20 2015
Views: 726
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, 2020, 2021, and 2022; Will is an Associate Broker/Team Leader of the WILL COOK GROUP with K....
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