Experts Predict Home Prices Increasing For Next 5 years

Share this on:

Regardless of there being data showing trends of regular home price increases there are still many people who worry that there will be another crash coming soon. Fannie Mae recently released a survey that 23% of consumers believe that home prices will fall over the next 12 months. While nobody knows exactly what will happen, here is what experts are saying not just for the next year but for the next five.

Projected Home Price Appreciation

Don’t just take it from one or two sources, consider what the vast majority of experts are suggesting to reassure you. The Home Price Expectation Survey (HPES) from Pulsenomics includes projections from over 100 economists, investment strategists and housing market analysts. The latest quarterly report shows that home prices are projected by these experts to increase every year through the year 2027. Anticipated increases include:

2023 - 3.32%

2024 - 2.17%

2025 - 3.24%

2026 - 3.79%

2027 - 4.18%

Even though the increase anticipated for 2024 isn’t as large as 2023, just remember appreciation is cumulative so it will be sizable over time regardless. But if you’re worried home prices are going to start to fall, here is the big takeaway. Even though prices are going to vary of course by local area, experts forecast that they’ll continue to rise across the country for years to come at a pace that’s more normal for the market.

To put all of this into some context, if you purchased a home in January of 2023 for $400,000 then based on these predictions from the HPES then you could potentially accumulate more than $71,000 in household wealth over the next five years.

So ultimately there are many experts that predict that home prices will increase overall rather than show signs of decline. So if you are in the market to buy a home it still may be a good time to do so.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.