Where Are the Home Prices Heading in the Next 5 Years?

Posted by Cindy Allen - Buyer's Agent on Saturday, March 11th, 2017 at 11:30am

Where Are Roanoke Home Prices Headed

Where Are the Home Prices Heading in the Next 5 Years?

Today, many real estate conversations center on home prices in area cities like Roanoke, Trophy Club and the Alliance area and where they may be headed. That is why I 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.

The results of their latest survey:

Now keep in mind these are national numbers but it's projected home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.  

Roanoke Home Appreciation

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

Roanoke Home Price Increases

Bottom Line

Individual opinions make headlines, but I believe this survey is a fairer depiction of future values.  One more thing to keep in mind, too, is that real estate and home prices are local...  So while looking at these national averages can give us here in Dallas/Fort Worth a general overview, each market, even locally, is different. 

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