Every quarter, Pulsenomics interviews over 100 economists and market experts in an attempt to create a forecast for the upcoming real estate market. Since there is a lot of buzz about a softening market, this quarter's predictions may shock you:
Home values will appreciate by 4.0% over the course of 2016, 3.4% in 2017 and 3.0% in the next two years, and finally 2.8% in 2020 (as shown below). That means the average annual appreciation will be 3.2% over the next 5 years.
The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%.
What does this all mean? For one, the nervousness being sensed around…