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Experts expect that home values will continue to rise for at least the next 5 years.


Home values are still on the rise. However, due to the rapid increase in home prices over the past few years, many people are hopeful that home values will decline. According to a recent survey conducted by Fannie Mae, 23% of consumers anticipate a drop in home values next year based on their own reasoning.


But what do the experts say? According to a survey conducted by Pulsenomics, involving 100 economic and real estate experts, the average opinion is reflected in the following graph. The experts anticipate an increase of 2-4% annually. Calculating the compound growth from January 2023 to December 2027, it is projected to be approximately 17.8%, and from January 2024 to the end of 2027, the projection is a 14% increase.



So, what does this 17.8% signify? It means that the net asset increase through the purchase of a home will be 17.8% of the price paid when you bought the house. For example, if you purchase a $400,000 home at the beginning of 2023, by the end of 2027, your net assets would have increased by over $71,000.



If you have any further questions about today's article, please feel free to contact us anytime. We look forward to providing you with even better articles in the future.





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