National Home Prices Jump 37% Since 2014

When Fountain Valley homeowners sit down to plot out their household’s long-range financial plan, the value they ascribe to their Fountain Valley home usually deserves a leading role. As research firm Pulsenomics puts it, “changes in single-family home values can have profound impacts on consumer balance sheets.” Yet it’s often the case that homeowners assume that their home’s value is its apparent equity—the home price they paid less their mortgage’s remaining principal.

Fountain Valley homeowners will be pleased to find that using that measure is almost certain to result in a substantial underestimate. Since the historical norm is for residential home prices to rise, if you are trying to plot a realistic long-term picture of your family’s financial future, a middle-of-the-road estimate would take those likely price rises into account.

The problem is: who knows how much those values will actually rise? For instance, what if there were another international financial meltdown—with a real estate slump like the last one? Wouldn’t it be safer just to assume the worst—static Fountain Valley home prices? Safer, perhaps—but not likely more accurate.

For the most sophisticated projections, a better look at the direction of home prices is published quarterly in Pulsenomics’ “U.S. Home Price Expectations Survey.” The Survey represents the combined opinions of more than 100 economists, investment strategists, and market analysts. They have been publishing those projections for five years now—which is noteworthy since we can now check back to see if they were overly optimistic (or the opposite).

In January of 2013, the mean expectation of the Pulsenomics experts was for a 5-year increase in home prices of a whopping 22.0%. That number seems pretty optimistic, and sure enough, a year later, in 2014 the experts dropped it to a more realistic 19.7%. The following years showed similar moderation, until by this January, their median prediction was for U.S. home prices to rise by 18.2% by 2023.

Of course, nobody can know exactly what the future will bring, so holding their feet to the fire and expecting exactitude would be unrealistic. But how did they do? drumroll, please:

As for that first 2013 seemingly over-optimistic expectation of 22%: the actual rise in home prices has been 37% (the Case-Shiller national average)! We’ll have to wait a bit to see how the next year turns out…but I think we’ll have more terrific news.

The long and the short of it is that for practical planning purposes, don’t assume your Fountain Valley home investment will be wind up being worth what you paid (or will pay) for it. Realistic expectations can be quite a bit sunnier—and definitely, a solid reason to make Fountain Valley homeownership a cornerstone of your family’s long-term financial future. To get started turning that goal into reality, please don’t put off giving me a call!

HB Living At Its Finest.

Huntington Beach Living At Its Finest! - $864,888.00
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Bedrooms: 3
Bathrooms: 2
Year Built: 1966
Lot Size: 5800
Garage Size: 2
Square Footage: 1602
Agent Name: Jamie Pirritano
Broker: The L3
MLS #: OC18029323
Price: $864,888.00
9952 Effingham Dr
Huntington Beach, CA 92646
  • Range/Oven
  • Dishwasher
  • Sink Disposal
  • Microwave
  • Hardwood Floors
  • Vaulted Ceilings
Welcome to your new Huntington Beach home! This home is the definition of Huntington Beach living at its finest! Walking distance to the beach, shopping, restaurants, and just minutes away from the new Pacific City, and downtown HB! As you walk up to the home you notice the large driveway that leads you to the welcoming brick entry, with wide double doors. Once inside, you truly feel home in this light, bright, and open home that boasts 3 large bedrooms, 2 large bathrooms, new floor to ceiling windows, rich wood floors, new paint, beautiful crown molding, and expansive hallway storage! The kitchen and dining area welcome you to cook, entertain and relax with beautiful white cabinets topped with Carrera marble counters, Carrera backsplash, a large breakfast and coffee bar, and stainless steel appliances. The large master bedroom is separate from the other bedrooms and boasts a gorgeous, brand new remodeled bathroom that takes you to your personal spa with a freestanding soaking tub, seamless shower, and shiplap accents to create the perfect restoration farmhouse oasis. Another bedroom features beautiful wainscot and new closet doors. The backyard is private and perfect for entertaining with a large patio, green grass, and best of all, no neighbors behind you! Your Huntington Beach dream home awaits, welcome home!


Contact Jamie Pirritano for a private showing. 714.356.3573

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714-444-4663

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Friday – February 9th, 2018

19591 Topeka Lane, Huntington Beach 10:30-1:30

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19591 Topeka Lane, Huntington Beach 1-4

20171 Imperial Cove Lane, Huntington Beach 1-4

Sunday – February 11th, 2018

19591 Topeka Lane, Huntington Beach 1-4

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency including property management with a regional office located in the heart of #CostaMesa offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, formally known as Weichman Realtors, L3 has grown to a full staff of over 30 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa. If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact L3 today at 714-444-4663 or email us at Info@TheL3.com