Shari Noctor
Shari Noctor
REAL ESTATE UPDATE

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HOW RISING PRICES WILL HELP BUILD 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?



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!

Original Source: Keeping Current Matters
  
























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Shari Noctor 
610-266-5241
Shari@ShariNoctor.com
AB061614L

         



       


 

   



 
Shari Noctor 
610-266-5241
Shari@ShariNoctor.com
AB061614L




   



   



 
Shari Noctor 
610-266-5241
Shari@ShariNoctor.com
AB061614L