If you're thinking of buying a home, it's worth considering what the experts predict about future home prices and how that could impact your investment. Despite some negative news about home prices in the past year, they're actually performing better than expected and are going up all over the country. The data even suggests that experts believe home prices will continue to appreciate. So, it's definitely something to keep in mind while making your decision.

Experts Project Ongoing Appreciation

So, Pulsenomics did this fancy survey where they asked a bunch of economists, investment strategists, and housing market analysts about what they think will happen with home prices in the next five years. And guess what? The majority of those experts actually predict that home prices will increase every year through 2027. They even made a cool graph to show you the projections.

If you've been stressed about those stories online suggesting that home prices might drop, I've got some good news for you. According to the experts, home prices are actually expected to keep going up all over the country for the next few years. This means we're moving towards a more regular rate of home price appreciation. So, no need to worry anymore!

While the experts are saying that the rise in home prices won't be as huge in 2024 compared to 2023, we still gotta keep in mind that home price appreciation is cumulative. What does that mean? Well, if they're right, and your home's value goes up by 3.32% this year, it's gonna appreciate by another 2.17% next year. Pretty cool, huh? It just goes to show that owning a home is a smart choice that really pays off in the long run.

What Does This Mean for You?

Once you become a homeowner, the value of your home can go up over time, which means your overall wealth increases. To get an idea of how much your home's value might change in the next few years, take a look at the graph below. It shows the projected changes based on the expert forecasts from the HPES.

At NIC, THE REALTOR, we understand the importance of making informed decisions when it comes to your real estate investments. In this example, let's explore the potential benefits of buying a $400,000 home at the beginning of this year, taking into consideration the forecast from the Home Price Expectation Survey (HPES).


According to the HPES, which gathers predictions from a panel of reputable economists, the forecast suggests that over the next five years, your home's value could appreciate significantly. This means that if you were to sell your property after five years, you could potentially accumulate more than $71,000 in household wealth.


It's important to note that the HPES relies on historical trends, economic indicators, and expert opinions to predict future home price appreciation. While these forecasts provide valuable insights, they are not guaranteed, as the real estate market is subject to various factors and fluctuations.
Nevertheless, the HPES forecast offers an encouraging outlook for homeownership as a long-term investment. Investing in a $400,000 home at the beginning of this year has the potential to generate substantial wealth over the next five years.


As your trusted real estate advisor, NIC, THE REALTOR, can provide you with in-depth market analysis, expert advice, and access to comprehensive data to help you make informed decisions. By keeping track of market trends and leveraging our expertise, we can help you navigate the real estate market and maximize your investment potential.

So, if you are considering purchasing a home or looking to understand the potential wealth accumulation through real estate, reach out to us at NIC, THE REALTOR. We are here to guide you every step of the way, ensuring that your real estate decisions are backed by reliable information and tailored to your needs.

Well, if you're contemplating whether or not to buy a home, just keep in mind how it can really help you build your wealth over time.

Bottom Line

The experts are saying that home prices are going to go up at a more normal rate over the next five years. Basically, it means that if you're thinking about becoming a homeowner, buying a home right now could be a smart move because as home values increase, your own net worth will too. How about we connect to get the ball rolling on the homebuying process? Let's start today!