How Rising Prices Will Help You Build Family Wealth in 2018
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.
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!
You are very welcome!
Thank you Great Way Real Estate Exclusive Properties for loaning your truck to Outpost Calvary Chapel to deliver shoe boxes for Samaritan's Purse Operation Chr...istmas Child. You have made a measurable dent in the work by doing so and help hundred of kids with the message of Jesus and how much He loves them.
A special THANK YOU to Patty Beard for hosting such an amazing event again!
THANK YOU to our sponsor Lisa Lokken with Pampered Chef for providing the main course for nearly 300 guests!
Another big THANK YOU to Wanda Richman with Caliber Homes Loans for sponsoring too.
Last THANKS to our GREAT agents for putting together an awesome client appreciation!
Luke Michael Beard Teri Perito Asbery Brittney McGuire Michelle Loveall Pat Preese Nysa Rayno Charli Mitze Maria Navin-Lassiter Carol Romero Caitlin Lindquist Tracy Raehal