Experts Say Housing Prices Are About to Turn

Today the KCM Blog posted this interesting article about price expectations. Read on . . .

“Each quarter, Pulsenomics surveys a “distinguished panel of over 100 economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home prices in the United States.”

Here are the results of their latest survey:

Price appreciation/depreciation expected over the next five years:
2012: -.4%

2013: +1.3%

2014: +2.6%

2015: +3.2%

2016: +3.5%

The average pre-bubble (1987-1999) annual appreciation was 3.6%”

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