Where are Hayward, Castro Valley home prices headed.
February 27, 2017 | Mac Rogers
Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Where Are the Home Prices Heading in the Next 5 Years?

The bay area real estate market doesn't seem to be slowing down. Places like Hayward, Castro Valley, San Leandro as well as the rest of the east bay is still experiencing a huge shortage of inventory.

The survey that was done was on the national level. I believe that the east bay (Hayward, Castro Valley, San Leandro, San Lorenzo, Oakland, Dublin etc) is still poised to go into double digit gains in the next 5 years.

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.
Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market
The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.
Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.
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