With all the great places I am blessed to experience from restaurants, to shopping to all the different events that take place. I thought what better way than a blog to share this and hopefully inspire someone to Live, Laugh, Eat and be Merry!
Follow by Email
Wednesday, August 6, 2014
Home Prices…Where are they Headed?
Today, many real estate conversations center on housing prices and where they may be headed. That is why the Home Price Expectation Survey is seen to be a reliable source. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where 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 4.6% in 2014.
The cumulative appreciation will be 19.5% by 2018.
That means the average annual appreciation will be 3.6% over the next 5 years.
Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 11.2% by 2018.
Individual opinions make headlines. We believe the survey is a fairer depiction of future values.
In Chicago's competitive business environment, only the best stand the test of time. Alex Haralambakis has worked every aspect of the industry representing sellers, buyers, investors, and banks in the residential market. She has already proven to be a leader in the business and in the Chicago Real Estate community.