Take aways from the Home Price Expectations Survey: Q2 2019 Survey
- Home values will appreciate by 4.1% in 2019
- The average annual appreciation will be 3.2% over the next 5 years
- The cumulative appreciation will be 16.8% by 2023
- Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023
Using the projections from the HPES, here is a look at the potential
equity a family could earn over the next five years if they purchased a
$250,000 home in January of 2019: Based on gains in home equity, their
family wealth could increase by $42,000 over that five-year period.
If you don’t yet own a home, now may be the time to purchase. Owning
or moving up to your dream home could allow you to ride the increase in
equity of a growing asset.
Posted on July 30, 2019 at 8:51 pm