Thursday, July 14, 2022 / by Laura Larson
The Future of Home Price Appreciation
Each quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey.
The rate of appreciation will moderate over the next few years as the market shifts away from the unsustainable pace it saw during the pandemic. After this year, experts project home price appreciation will continue, but at levels that are more typical for the market. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: “People should not anticipate another double-digit price appreciation. Those days are over...We may return to the more normal price appreciation of 4%, 5% a year.”
For you, that ongoing appreciation should give you peace of mind that your investment in homeownership is worthwhile because you’re buying an asset that’s projected to grow in value in the years ahead.
If you’re ready to become a homeowner, know that buying today can set you up for long-term success as your asset’s value (and your own net worth) is projected to grow with the ongoing home price appreciation. Partner with Laura Larson to begin your home buying process today.