Rising Home Prices and Family Wealth 2018
Rising Home Prices 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?
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!
Franceanna Campagna helps buyers and sellers make solid financial decisions. If you are looking to buy or sell a home in Dallas, Plano, Richardson, McKinney, Sachse or Wylie (and surrounding suburbs) contact Franceanna to schedule a 15 minute consultation and find out the best Real Estate Plan for you.
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