Home Price Expectation Survey

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.

 

Here are the results from the Q2 2019 Survey:

 

Home values will appreciate by 4.1% in 2019

 

The average annual appreciation will be 3.2% over the next 5 years. The cumulative appreciation will be 16.8% by 2023

Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023

 

What does this mean for you?

 

A substantial portion of family wealth comes from home equity. As the value of a family’s home (an asset) increases, so does their equity.

 

If you don’t yet own a home, now may be the time to purchase. Owning or moving up to your dream home could allow you to ride the increase in equity of a growing asset.

 

Thanks Keeping Current Matters for this valuable information!  ……..Mary Pat

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