According to Pulsenomic’s most recent Home Price Expectation Survey, home prices are expected to appreciate an average of 3.64% per year over the next 5 years.  This accounts for an expected cumulative increase of 18.4%.  The report itself is created by surveying an expert panel of 100 economists, investment strategists, and real estate market analysts to share their views.

To put things into perspective, let us look at the example below:

A young couple purchases a $250,000 home in January of 2017. Using Pulsenomic’s appreciation model over the next 5 years, how much should we anticipate their equity to grow?

According to the data, their equity would presumably increase by nearly $49,000!

This number is without even taking their principal balance reduction into account, having made mortgage payments over the 5 year period. Very often, home equity is one of the greatest segments of a family’s overall net worth.

The Takeaway

Homeownership has many personal and financial benefits. With it comes a sense of pride, community engagement and the potential for you and your family to build equity and family wealth!!

Call or text me today at 727.755.3434 and I would be glad to talk with you about the many advantages of homeownership.