Increase your Worth in Home Equity

Take aways  from the Home Price Expectations Survey:  Q2 2019 Survey:

  • Home values will appreciate by 4.1% in 2019
  • The average annual appreciation will be 3.2% over the next 5 years
  • The cumulative appreciation will be 16.8% by 2023
  • Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023

Using the projections from the HPES, here is a look at the potential equity a family could earn over the next five years if they purchased a $250,000 home in January of 2019: Based on gains in home equity, their family wealth could increase by $42,000 over that five-year period.

If you don’t yet own a home, now may be the time to purchase. Owning or moving up to your dream home could allow you to ride the increase in equity of a growing asset.

Posted on July 30, 2019 at 8:51 pm
Chuck Townsend | Category: General

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