How Rising Prices Will Help You Build Family Wealth in 2018

How Rising Prices Will Help You Build Family Wealth in 2018 | MyKCM

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!

Post a Comment

From Our Blog

Posts By Category

All Categories Amador County (18) Buying A Home (320) Custom Log Homes (1) Landscape/Curbside Appeal (1) Selling Your Home (94)

Posts By Month

Grab Our RSS Feed
Current Homes for Sale
Upcountry
City # Price Range
Pine Grove 20 $315k - $1.2m
Pioneer 57 $220k - $2.1m
Volcano 14 $317k - $1.1m
Down Country
City # Price Range
Amador City 4 $425k - $785k
Drytown 3 $480k - $2.1m
Fiddletown 12 $200k - $1.8m
Ione 29 $380k - $5.7m
Jackson 30 $260k - $1.2m
Plymouth 14 $450k - $4.5m
River Pines 4 $247k - $349k
Sutter Creek 22 $375k - $2.1m
New Listing

Email Alerts

Subscribe Today!
Have

Questions?

Contact Us Now!