Jan 2 2018 5018 1

Dated: 01/02/2018

Views: 10

How Rising Prices Will Help You Build Family Wealth in 2018

How Rising Prices Will Help You Build Family Wealth in 2018 | MyKCM

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?

How Rising Prices Will Help You Build Family Wealth in 2018 | MyKCM

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!

Blog author image

Jeri Patrick

In today’s complex and difficult real estate market you need a professionals who will do whatever it takes to market and sell your home. Jeri Patrick has a team with an established history of succes....

Want to Advertise on this Site?

Latest Blog Posts

Jan 23 2018 5018 1

Why You Need a Professional on Your Team When Buying a HomeMany people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first

Read More

Jan 22 2018 38554 2

 How Rising Prices Will Help You Build Family Wealth in 2018Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34%,

Read More

Jan 22 2018 38554 1

 Time on the Market Drops to New Low in 2017According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent

Read More

Jan 22 2018 5018 1

Buying A Home Is More Affordable Than Renting In 54% Of US CountiesAccording to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable

Read More