Tuesday, March 22, 2016

Future Home Values: Where Do The Experts Think They are Headed?

Today, many real estate conversations center on housing prices and where they may be headed. That is the Home Price Expectation Survey of over 100 economists is so great.

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.

Here are the results of their latest National survey (Denver is much hotter than this):

Home values will appreciate by 3.7% over the course of 2016, 3.3% in 2017 and 3.2% in the next two years, and finally 3.1% in 2020 (as shown below). That means the average annual appreciation will be 3.3% over the next 5 years.

What Does This Mean For You?
A home purchased in 2016 for $250,000 has the potential to increase your family wealth more than $44,000 over the next five years! 

Bottom Line

With home values on the rise, now is a great time to purchase a home and invest in your family's future!
Share the news! Post this on Facebook, Twitter and Instagram to show your clients how to increase their wealth!
**These rates are only an indication of current market conditions**
Assumptions include the following loan characteristics:
•    $200,000 loan amount
•    $250,000 sales price
•    Conforming and Government products: $320,000 loan amount, $400,000 sales price
•    Jumbo Assumptions: $800,000 sales price, $600,000 loan amount.
•    "Excellent Credit" - 740 fico score
•    Owner Occupied
•    Single Family Residence
•    Colorado Property
•    Collecting impounds
Disclaimer: This is NOT a good faith estimate and should not be relied upon. Request a written good faith estimate.  FEES Estimate are LENDER FEES only. Third party fees, including, but not limited to appraisal, credit report, and title fees are not included in the fees estimate.