Here is What's Happening Right Now in Greater Boston Real Estate The Massachusetts Associaton of Realtors reported last week that the year over year pending sales and median home prices for the
Future Home Values Where Do The Experts Think They Are Headed
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: (click here)
Home values will appreciate by 3.7% over the course of 2016, 3.3% in 2017 and 3.2% in the next two years, and finally 3.1% in 2020 (as shown below). That means the average annual appreciation will be 3.3% over the next 5 years.
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Whether your home floods, is robbed or experiences normal wear and tear, you expect your homeowner's insurance to help cover the costs of repair, but your insurance does have limitations