With the rate that we're at, one can't help but wonder how much will home prices go up to by next year. There's no sure way to tell exactly as there are a lot of factor that come in to play when it comes to real estate. The best the we can do is rely on intelligent studies and researches to give as the closest forecast of what the future holds for us.
The Home Price Expectation Survey - A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.
Zelman & Associates - The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and senior-level company executives.
Mortgage Bankers Association (MBA) - As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
Freddie Mac - An organization whose mission is to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
The National Association of Realtors (NAR) - The largest association of real estate professionals in the world.
Fannie Mae - A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets always.
Here are their projections of prices going forward:
Every source sees home prices continuing to appreciate -- just at lower percentages as we move through the next several years.