Where Are the Home Prices Heading in the Next 5 Years?

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.  Give me a call to find out what’s happening in the real estate market in your neighborhood – J.P. Cook – 602-320-4253.

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21647 N Mozart Court Sun City West, AZ 85375

$460,000
3 Beds
2.5 Baths
2,507 SqFt
Status Active
MLS # 6668285
Property Type Single Family Residence
Price Type --
Enjoy the good life in this San Manuel model home located on an 18,451 sq ft Cul de Sac lot with 3 bedrooms & 2 1/2 baths. Newly painted exterior with a gated front courtyard. The expansive living/dining room has high ceilings, + large family room with ample built-ins, in addition to travertine & wood flooring throughout. The large primary suite features two walk-in closets, dressing area & the bath has a recently renovated walk-in shower. Guest bedrooms are on the other side of the house along with a full bath. The kitchen a R.O. water system and recessed ceiling lights. Inside laundry room + whole home water filtration system. The huge 2 ½ car garage has built in storage. There is also a spacious Sunroom. The home has Solar power with a fixed $159.23 monthly, assumable lease.

648 E Cottontail Run Cottonwood, AZ 86326

$460,000
2 Beds
2 Baths
1,800 SqFt
Status Active
MLS # 6668849
Property Type Single Family Residence
Price Type --
2bedroom 2bath home with remodeled kitchen granite countertops, flat top stove, trash compactor, dishwasher, sink and faucet new can lighting. New flooring in living room , dining room. and kitchen. Bedrooms have new carpet. Both bathroom have been updated with flooring, medicine cabinets, mirrors, vanities, sinks and faucet. ceiling fans throughout rooms. Home has two bonus room and basement. 2 car garage .

5701 W Royal Palm Road Glendale, AZ 85302

$460,000
3 Beds
2 Baths
1,593 SqFt
Status Active
MLS # 6670689
Property Type Single Family Residence
Price Type --
This fabulous property nestled on a quiet cul-de-sac in Glendale is the one you've been looking for! Discover an impressive interior showcasing tile flooring, fresh soothing palette throughout, dazzling light fixtures, and French doors opening to the back patio. The impeccable kitchen boasts pristine white shaker cabinets, stylish tile backsplash, quartz counters, and modern recessed lighting. The primary bedroom features soft carpet in all the right places, a private bathroom, and a generously sized closet. You will find a spacious backyard with a covered patio offering plenty of potential for adding your personal touch! What's not to like? Create new memories in this fantastic home!

19010 N 143rd Avenue Sun City West, AZ 85375

$460,000
3 Beds
2 Baths
2,528 SqFt
Status Active
MLS # 6671428
Property Type Single Family Residence
Price Type --
Nestled in the heart of a TRANQUIL community, this home offers 2,528 square feet, 3 Bedrooms, 2 Bathrooms, and a SPACIOUS 2.5-car garage w/ WONDERFUL updates & COZY comfort. BEAUTIFUL Quartz Counters & White Shaker Cabinets adorn the Eat-in Kitchen. The AZ room, Living, and Dining areas create an IDEAL space for entertaining guests. WATERPROOF LVP flooring has been installed T/O. 3 sliding glass doors lead out to a LARGE covered back patio, providing the PERFECT spot for quiet morning coffee or simply unwinding after a long day. The Primary Bedroom has its own PRIVATE courtyard. Two additional Bedrooms provide AMPLE space for Family members or Guests. With its MODERN & STYLISH design, this home offers the perfect combination of COMFORT and ALL the AMENITIES that Sun City West offers.

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