How To Increase Your Equity Over The Next 5 Years

Dated: 08/11/2019

Views: 57

How To Increase Your Equity Over The Next 5 Years

How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.

Here are the results from the 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

What does this mean for you?

A substantial portion of family wealth comes from home equity. As the value of a family’s home (an asset) increases, so does their equity.

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:How to Increase Your Equity Over the Next 5 Years | Keeping Current MattersBased on gains in home equity, their family wealth could increase by $42,000 over that five-year period.

Bottom Line

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.

Home Price Expectation survey  Every quarter, Pulsenomics surveys a distinguished panel of over 100 economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home prices in the United States.

* Original post by KCM on July 30, 2019

https://www.keepingcurrentmatters.com/2019/07/30/how-to-increase-your-equity-over-the-next-5-years/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost

Blog author image

Mary Phillips

I was born and raised in Missouri. Raised 4 wonderful children along with about 50 other kids in the show me state. My passion has always been to serve others and have fun doing it. Which is why....

Latest Blog Posts

August Myrtle Beach MARKET UPDATE

August Myrtle Beach Market UpdateIn my latest Myrtle Beach market, I have some great news for home sellers as we move through August. According to the latest numbers, now’s the time to put your

Read More

Are You Killing Your Curb Appeal

1. Overgrown LawnGoing ‘au naturel’ may be in vogue this season when it comes to grooming your brows, but not when it comes to your lawn maintenance. When a prospective homebuyer is pulling up

Read More

Aug 12 2019 64017 1

Beautiful beaches attract lots of people every year, especially during the summer. Some of us love the view of the ocean, the breeze, sunny weather and fun with friends.  If you are

Read More

Rent Vs Own

Rent Vs. Own [INFOGRAPHIC] 2.1KSHARES 1.9K 82 36 115 Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly

Read More