What Do Economists Know About Future Home Price Appreciation?
I am constantly being asked if we are in a "bubble" again because of how hight prices have risen in both Alameda and Contra Costa County over the past two years. It is anyone's guess.
Pulsenomics puts out a Home Price Expectation Survey quarterly and the survey is sent to over one hundred economists, real estate expers and investment and market strategists asking what where the believe home prices are headed.
The results of the survey indicate that home values will appreciate on average 4.4% in 2014. Even those that are pessamistic beleive at the very worst nationwide we will see a 2% appreciation rate.
The slower growth rate is good for the housing market and is much more sustainable than the double digit appreciation we have seen here in the Contra Costa and Alameda real estate markets.
Filed under: Market Data
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