Skip To Content

The Cost of Waiting

Are You Waiting to Make a Move?

I have heard from many sellers and buyers in recent months that they are planning to wait to make a move til the market calms down.  Are they making the right decision???

II’d like to share with you what the experts are predicting about the housing market in the next 5 years. 

Before we do that, let’s take a brief look at what has happened in the past 5-10 years. The National Association of Realtors research reveals that the average gain for homeowners over the last five years was approximately $139,000 and over the last 10 years it was approximately $218,000. 

Those are pretty great numbers, but can it continue like that for the next 5 years? 

Every quarter, Pulsenomics surveys a distinguished panel of over 100 economists, investment strategists, and housing market analysts and asks what their 5-year expectation is for future home prices in the United States. In the 3rd quarter report here in 2021 it say that experts expect housing prices to appreciate approximately 5.7% nationwide each year over the next 5 years, for a grand total of 31.8% cumulative appreciation. That’s pretty exciting if you own real estate!

Every quarter, Pulsenomics surveys a distinguished panel of over 100 economists, investment strategists, and housing market analysts and asks what their 5-year expectation is for future home prices in the United States. In the 3rd quarter report here in 2021 it say that experts expect housing prices to appreciate approximately 5.7% nationwide each year over the next 5 years, for a grand total of 31.8% cumulative appreciation. That’s pretty exciting if you own real estate!

Using average projected mortgage rates and using the survey estimate of a 31.8%  appreciation over the next five years, a company called Keeping Current Matters created this graph to show the equity a purchaser could earn if they were to purchase a $350,000 home in 2021. The graph shows that over the next 5 years this new purchase should increase in value over $111,000!

So, after hearing these statistics, you’re probably thinking the same thing as me….it may NOT be a good idea to wait to buy real estate! In fact, it seems that now may be a GREAT time to buy real estate!

The bottom line is that owning a home is one of the best ways to grow your wealth over time. House wealth can impact you and your family for generations. 

Please spread the word about what the experts are predicting about the housing market in upcoming years! So many headlines do more to terrify versus clarify, so you might be the only one that people hear this good news from!  

Trackback from your site.

Leave a Reply

*
*