Close
Close
  • Archive
    •     2018
    •     2017
    •     2016
    •     2015
    •     2014

Sue's House & Home Advice

To provide real estate, mortgage and consumer information and tips.

Thank you for visiting my blog. My mission is to provide beneficial information for all. I hope you find something useful here. If you would like more information about anything on my blog, get in touch.......I'm here to help you.

How Rising Prices Will Help You Build Family Wealth in 2018


January 2nd, 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 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.

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!


Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
Champions Real Estate Group
26119 I-45 North, Ste. 206, The Woodlands, TX 77380   Get Directions
Phone: (713) 659-6666
Fax: (713) 785-6631