Housing Wealth: The Missing Piece of the Affordability EquationThe real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was
82338 Great Reasons To Buy A Home Today
Dated: April 28 2021
82,338 Great Reasons to Buy a Home Today
The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.
Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows:
Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:A homeowner could increase their net worth by over $80,000 in five years. That’s an average of $16,000 annually. That number should be in any equation determining the financial benefits of owning a home compared to renting.
Homeowners are going to make a substantial amount of money in home equity over the next five years. If you’re ready to buy a home, let’s connect so you can enjoy this great benefit as well.
Latest Blog Posts
Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising
5 Things Homebuyers Need To Know When Making an OfferWhen it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t