Jan 22 2018 38554 2

Dated: 01/22/2018

Views: 23

 

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.


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

Sep 21 2018 5018 1

4 Reasons to Sell This Fall [INFOGRAPHIC]Some Highlights: Housing inventory is still under the 6-month supply that is needed for a normal housing market. Buyers are often competing with one

Read More

Sep 20 2018 5018 1

Is the Real Estate Market Finally Getting Back to Normal?The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7%

Read More

Sep 19 2018 5018 1

25% of Homes with a Mortgage are Now Equity Rich!Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as

Read More

Sep 18 2018 5018 1

Home Prices: The Difference 5 Years MakesCoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing

Read More