They then average the projections of all 100+ experts into a single number.
The results of the latest Home Price Expectation Survey:
- Home values will appreciate by 4.4% in 2014.
- The cumulative appreciation will be 19.5% by 2018.
- That means the average annual appreciation will be 3.6% over the next 5 years.
- Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 9.4% by 2018.
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2014 Housing Prices - Selling Your Lake County Illinois Home