What Experts Project for Home Prices Over the Next 5 Years

If you're planning to [buy a home](https://www.simplifyingthemarket.com/2023/09/07/get-ready-for-smaller-more-affordable-homes/?a=713258-9a8342bcf821027012880bf1d7cccbf7), one thing to consider is what experts project [home prices](https://www.simplifyingthemarket.com/2023/08/11/home-prices-are-back-on-the-rise-infographic/?a=713258-9a8342bcf821027012880bf1d7cccbf7) will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than [expected](https://www.simplifyingthemarket.com/2023/09/05/expert-home-price-forecasts-revised-up-for-2023/?a=713258-9a8342bcf821027012880bf1d7cccbf7) and are rising across the country. And data shows, experts forecast home prices will keep appreciating. #### Experts Project Ongoing Appreciation _Pulsenomics_ polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly [_Home Price Expectation Survey_](https://pulsenomics.com/surveys/#home-price-expectations) (HPES). The results show what the panelists project will happen with home prices over the next five years. Here are those expert forecasts saying home prices will go up every year through 2027 (_see graph below_):[](https://www.simplifyingthemarket.com/content/images/20230911/20230912-Estimated-Home-Price-Performance.png?a=713258-9a8342bcf821027012880bf1d7cccbf7)If you’re someone who was worried home prices would fall because of stories you’ve read online, here's the big takeaway. Even though home prices vary by local market, experts project prices will continue to rise across the country for years to come. And these numbers indicate the return to more normal [home price appreciation](https://www.simplifyingthemarket.com/2023/07/25/dont-fall-for-the-next-shocking-headlines-about-home-prices/?a=713258-9a8342bcf821027012880bf1d7cccbf7). And while the projected increase in 2024 isn’t as large as 2023, it’s important to recognize home price appreciation is cumulative. In other words, if these experts are correct, after your home’s value rises by 3.32% this year, it’ll appreciate by another 2.17% next year. This is a good example of why owning a home is a choice that wins big over time. #### What Does This Mean for You? Once you buy a home, price appreciation raises your home’s value, and that grows your [household wealth](https://www.simplifyingthemarket.com/2023/09/01/homeowners-have-a-lot-of-equity-right-now-infographic/?a=713258-9a8342bcf821027012880bf1d7cccbf7). To see how a typical home's value could change in the next few years using the expert projections from the HPES, check out the graph below:[](https://www.simplifyingthemarket.com/content/images/20230911/20230912-Potential-Growth-In-Household-Wealth.png?a=713258-9a8342bcf821027012880bf1d7cccbf7)In this example, let’s say you bought a $400,000 home at the beginning of this year. If you factor in the forecast from the HPES, you could potentially accumulate more than $71,000 in household wealth over the next five years. So, if you're thinking about whether buying a home is a good choice, remember how it can be a powerful way to grow your [wealth](https://www.simplifyingthemarket.com/2023/08/15/equity-is-a-game-changer-for-homeowners-looking-to-sell/?a=713258-9a8342bcf821027012880bf1d7cccbf7) in the long run. ### Bottom Line According to the experts, home prices are expected to grow over the next five years at a more normal pace. If you’re ready to become a homeowner, know that buying today can set you up for long-term success as home values (and your own net worth) grow. Let’s connect to start the homebuying process today. Posted by [Ryan Drowne](https://www.thedavidgreengroup.com/blog/author/ryandrowne/) on September 19th, 2023 Enjoy this blog post? Click here to subscribe for updates [Facebook Share this post on Facebook](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230912what-experts-project-for-home-prices-over-the-next-5-yearsa.html# "Share this post on Facebook") Twitter Tweet this post on Twitter [Email Send a link to post via Email](mailto:?subject=What%20Experts%20Project%20for%20Home%20Prices%20Over%20the%20Next%205%20Years&body=I%20was%20looking%20at%20https%3A%2F%2Fwww.thedavidgreengroup.com%2Fblog%2F%20and%20I%20thought%20you%20would%20like%20to%20look%20at%20this%20blog%20entry%3A%0D%0Ahttps%3A%2F%2Fwww.thedavidgreengroup.com%2Fblog%2Fhttpswwwsimplifyingthemarketcomen20230912what-experts-project-for-home-prices-over-the-next-5-yearsa.html "Send a link to post via Email")[](https://www.thedavidgreengroup.com/blog/httpswwwsimplifyingthemarketcomen20230912what-experts-project-for-home-prices-over-the-next-5-yearsa/print.html "Opens new window with print ready page") ### Leave A Comment Leave text box empty Full Name\- required Email Address\- required Website Link e.g. yourwebsitename.com Comment\- required Submit Comment Please note that your email address is kept private upon posting. Message us ··· Chatra AS  Alexandra Salmon DG  David Green Ask us anything – we’ll get back to you here or by email. [We run on Chatra](https://chatra.com/?utm_source=logo_f&utm_campaign=US_www.thedavidgreengroup.com&utm_medium=selfie_en_get) reCAPTCHA Recaptcha requires verification. [Privacy](https://www.google.com/intl/en/policies/privacy/) - [Terms](https://www.google.com/intl/en/policies/terms/) protected by **reCAPTCHA** [Privacy](https://www.google.com/intl/en/policies/privacy/) - [Terms](https://www.google.com/intl/en/policies/terms/)