The Los Angeles Times released a poll today, and the results are a bit troubling.

They asked a bunch of people, how much will your home’s value appreciate over the next three years.

49% of respondents replied: 5%-15%
19% of respondents replied: 16%-30%
6% of respondents replied: 31% or more
5% of respondents replied: will not appreciate
9% of respondents didn’t know what they thought

Okay, that’s a bit too optimistic. For one thing, prices this year, if they appreciate at all, will come back down, and stagnate, where they are now.

In the following two years, I think you’ll only see increases a bit higher than the rate of inflation – home prices going up by maybe 3% per year.

The 19 percent of respondents who think prices will increase more than 15% are in for a big disappointment, and the 6 percent of respondents who expect an increase of 31% or more are completely out of touch with reality.

I mean, really.

Complete article: Homeowners Expect Prices to Keep Rising – By Tom Petruno and Kathy M. Kristof, The Los Angeles Times

Contact me to find to set up an appointment to start your Boston condo buying process.

Boston condos

Boston condos for sale

SEARCH BOSTON CONDOS FOR SALE

For more information please contact one of our on-call agents at 617-595-3712.

Updated: January 2018

Comments

comments

Call Now