What are home prices expected to do over the next five years?

The Home Price Expectation Survey from Pulsinomics surveyed a panel of over 100 economics, real estate experts, and investment strategists. They all agreed that the double-digit appreciation we’ve experienced over the past couple of years will slow down but still continue.

If you’ve been waiting on the sidelines for the market to cool down, it’s better to buy a home sooner rather than later. That way, you can start building equity as soon as possible. For example, if you purchased a $360,000 home in January 2022, your wealth would increase by over $96,000 in the next five years based on predicted appreciation.

Ultimately, the market may be normalizing, but it’s not going backward. If you have any questions about what’s happening in the market or are thinking of buying a home, give me a call or send me an email. I’d love to hear from you.