In Best to Practice Tips, Buying a home, Featured, Practical Financial Tips

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How Rising Prices Will Help You Build Family Wealth in 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?

How Rising Prices Will Help You Build Family Wealth in 2018 | Simplifying The Market

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!

Source: Click Me


 

Questions, Comments or For more information you can call Christian Penner Branch Manager at 561 316-6800 or email us at TheMortgageTeam@ChristianPenner.com

Approval Hotline: 561- 316-6800

Office Text Line: 561-530-2223

 

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Do You Have Any Questions About Buying A New Home Or Refinancing Your Current Home?

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Christian Penner
South Flagler Drive, Suite 800, West Tower West Palm Beach, FL 33401

Buyer Referral Hotline: (561) 316-6800 | Office Text Line: (561) 530-2223

Christian Penner
712 U.S. Highway 1 North #300, North Palm Beach, FL 33408

Buyer Referral Hotline: (561) 316-6800 | Office Text Line: (561) 530-2223

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ChristianPenner.com

How Rising Prices Will Help You Build Family Wealth in 2018

– How Rising Prices Will Help You Build Family Wealth in 2018 –

The Christian Penner Mortgage Team | Cell/Text: (561) 316-6800

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