How safe is my investment? Will I make money if I buy a home and need to sell within 5 years? These are some of the main fears circling in people's minds as they continue to evaluate their decision to buy real estate. Fortunately, there is a panel of economists and real estate experts at "Pulsenomics" that offer expert forecasting.
Here is what the survey revealed:
- 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.
To view the full survey, here is the link: https://pulsenomics.com/Q2_2015_HPE_Survey.php
I hope this helps ease the tension in this crazy market. Please reach out to me if you would like to evaluate your options.