There is a lot of talk in the spring of 2022 about a real estate bubble. People are expecting the real estate bubble to burst and to see home prices come back down. If you are hoping to see a depreciation of home values, I have some bad news for you. Pulsenomics recently surveyed 100 top economists to get their opinions on the future home appreciation values. In this video i deiscuss the details of that study including the estimated appreciation values over the next 5 years.
The video explained what 100 top economists predict home appreciation values to do over the next five years. They are not calling for any price depreciation or loss of equity for home owners. Instead they are calling for slightly above average price appreciation over the next few years. That means that home owners are not going to lose money on their newly purchased homes and they will actually see some pretty nice returns on their homes.
The example discussed in the video is that if you bought a $400,000 home in Northern Colorado now, that house would be worth $507,000 after 5 years. So that investment in a home will actually make you over $107K in equity. Compare that to paying off your landlords mortgage where you end 5 years with no appreciation.
Do you have questions about Northern Colorado Real Estate? Reach out to me. I’m happy to help. Do you agree with these predictions or do you think something different will happen? Comment on the YouTube Video to let me know.