Pulsenomics and Zillow recently conducted their Home Price Expectations Survey. In general, panelists feel that home values will continue to rise, but opinions vary on just how much they will rise.
Some of the conclusions are:
Panelists said they expect U.S. home values to rise 4.4 percent in 2015 on average, to a median value of $187,040.
Of those with an opinion, the majority of panelists said they expect rental affordability to continue deteriorating for at least another two years.
On average, panelists said they expect median U.S. home values to exceed their pre-recession peak of $196,400 by May 2017. – From Zillow Research
Per the report, cumulative appreciation will likely be 19.3% by 2019. This means that the average annual appreciation will be 3.6% over the next 5 years, and the most pessimistic experts are still predicting a cumulative appreciation of 11.7% by 2019.
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