As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.
For example, let’s assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road?
Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next five years. According to their latest survey, here is how much value that $250,000 house will gain in the coming years.
Over a five-year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a family’s overall net worth.
If you are looking to better your family’s long-term financial situation, buying your dream home might be a great option.
Author:Morrie Finkelstein Phone: 754-234-0637 Dated: June 16th 2016 Views: 249 About Morrie: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
"Among the real estate brokers that 1've worked with, Mrs. Margarita Zhemukhova is the only one that 1 felt comfortable and gave me an ease of mind to work with. She is responsible , conscientious , hard working and reliable agent. I would recommend her to all my families and my friends for real estate"