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A COMPREHENSIVE GUIDE TO HOME PRICES OVER THE NEXT 5 YEARS

home price

If you are in the mind set to buy a home, you should think about what the experts predict about home values in future and how they affect the investment. You might hear unfavorable news on property prices in the last year, they are doing better than projected and are rising across the country. As the data shows, analysts predict that property values will continue to rise.

Experts Project On going Appreciation

Pulsenomics polled over 100 economists, investment strategists and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The result shows what will happen to home prices over the next five years. Here are the expert forecasts saying home prices will go up every year through 2027.

Estimated Home Price Performance

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If you are the one who is worried home prices would fall, here is the big takeaway. Even though home prices vary by local market, expert projects will continue to rise.

While the project increase in 2024 isn’t as large as 2023, it’s important to recognize that home price appreciation is cumulative.

What Does This Mean For You?

When buying a property, price appreciation increases the value of home, which increases your household wealth. Let’s imagine you purchased $400,000 property at the beginning of this year. With the HPES projection, you may possibly accumulate more than $71,000 in household wealth over the next five years.

Bottom Line

Experts predict the property prices will rise in the next five years. If you are ready to buy a home, remember that doing so now can position you for long term success at home values.

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