Over the next five years, home prices are expected to appreciate
3.24% per year on average and to grow by 21.4% cumulatively, according
Pulsenomics’ most recent Home Price Expectation Survey.
So, what does this mean for homeowners and their equity position?
an example, let’s assume a young couple purchases and closes on a
$250,000 home in January. If we look at only the projected increase in
the price of that home, how much equity will they earn over the next 5
Since the experts predict that home prices will increase by 4.0% this
year alone, the young homeowners will have gained over $10,000 in
equity in just one year.
Over a five-year period, their equity will increase by over $43,000!
This figure does not even take into account their monthly principal
In many cases, home equity is one of the largest
portions of a family’s overall net worth.
only is home ownership 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, let’s get together to
find out if you are able to, today!