Rising Prices Help You Build Your Familys Wealth

Rising Prices Help You Build Your Familys Wealth

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchased and closed on a $250,000 home this January. If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Rising Prices Help You Build Your Family’s Wealth | MyKCM

Since the experts predict that home prices will increase by 5.0% in 2018, the young homeowners will have gained $12,500 in equity in just one year.

Over a five-year period, their equity will increase by over $48,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!







Jasmine Broderick - REALTOR®

eXp Realty, LLC - Arizona

602-300-2774

[email protected]

AskJazz.net



Jasmine Broderick Headshot
Author:
Phone: 602-300-2774
Dated: April 17th 2018
Views: 23
About Jasmine: My clients appreciate that I am honest and trustworthy. I promise to always be straightforward with ...

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eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ
480-405-0946