With inventory presently below historically normal levels, current & future home prices have been the topic of many real estate conversations. The most recent Home Price Expectation Survey was just released; giving insight into where experts believe prices will be leading up to 2019.
Home Price Expectation Survey
Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
Read the full blog from Keeping Current Matters.
What does this mean for the Eastside?
We already know that people are comfortable with the housing market again and our statistics have shown the increase in activity and home prices. Our local market should expect to follow a similar trend reported by this survey.