Where's the Value of My Home Headed?
In the Real Estate Culture of Movement and Change, “Where’s the Value of My Home Headed” is a Common Question
The value of a home goes much deeper than the pocketbook; yet, in this ever changing environment, people are changing jobs and moving more than ever. Therefore, the financial value of a house is a top concern in real estate conversations today.
Quarterly, a panel of industry experts is surveyed to find out just where home prices are headed (The Home Price Expectation Survey is where these individual opinions are gathered and averaged into a single number.). Results indicate home values slowly moving upward. According to Pulsenomics1, this year, 2015, will see home values increasing by 4.1%. Looking five years ahead, experts project a 18.1% cumulative appreciation; the average annual appreciation being 3.4%.
While opinions singled out are making headlines; a fairer picture of what the future may look like is seen in this survey.
1Pulsenomics® is an independent economics research and consulting firm that delivers product strategy and marketing solutions for corporate and institutional clients.
Jon Niemeyer is the Broker/Owner of EXIT Realty North Star, 1039 Sunset Dr Norwalk, IA 50211. We provide full service real estate services to the Des Moines, Iowa metro area. Find links and contact information for Jon at JonNiemeyer.com.
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