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How Rising Prices Will Help You Build Family Wealth In 2018!

Posted by David E. DeChant on Saturday, January 6th, 2018 at 11:24am.

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% 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 purchases and closes on a $250,000 home this month (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?

Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! 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!

Redco loves to make proud homeowners!

Source: https://www.keepingcurrentmatters.com/2018/01/02/how-rising-prices-will-help-you-build-family-wealth-in-2018/ 

4 Responses to "How Rising Prices Will Help You Build Family Wealth In 2018! "

712,000 Homes In The US Regained Equity In The Past 12 Months! wrote: [...]Links

How rising Home prices will help your Family build Wealth in 2018
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Posted on Wednesday, January 10th, 2018 at 11:54am.

The Benefits Of Homeownership Go Beyond The Financial wrote: [...]Links

712,000 Homes In The US Regained Equity In The Past 12 Months
How Rising Prices Will Help You Build Family Wealth In 2018




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Posted on Wednesday, January 10th, 2018 at 12:21pm.

93% Believe Homeownership Is Important In Attaining The American Dream wrote: [...]Links

The Benefits Of Homeownership Go Beyond The Financial
How Rising Prices Will Help You Build Family Wealth In 2018!
Are You Ready For Home Ownership?




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Posted on Friday, January 12th, 2018 at 10:32am.

What Impact Will The New Tax Code Have On Home Values? wrote: [...]Links

712,000 Homes In The US Regained Equity In The Past 12 Months!
How Rising Prices Will Help You Build Family Wealth In 2018!
The Benefits Of Homeownership Go Beyond The Financial




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Posted on Friday, January 19th, 2018 at 10:00am.

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