What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Amy Small

Find Your Next Home











Amy Small

Coldwell Banker

How Rising Prices Will Help You Build Family Wealth in 2018

January 02, 2018

Keeping Current Matters


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 | Keeping Current Matters

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!


Tags:

Featured Listings

sold
One-of-a kind Chatsworth mountain paradise located on approximately 1.4 acres. Features include 30' waterfall, lagoon pool, guest house with its own laundry room, and so many more. Call Amy today for showing details.
$899,000
sold
4
beds
2.5
baths
1,639
Sq Ft
sold
Amazing, custom built South Of Ventura Blvd. hillside view home. All rear facing rooms have a spectacular view of the mountains. Bedroom 2 has its own entrance. Beautiful open layout with too many features to mention. Call Amy today for easy showing!
$1,279,000
sold
2
beds
2.5
baths
2,414
Sq Ft
listed
Beautiful, completely remodeled 1 bedroom 1 bathroom Condo. in 20 Unit complex
$350,000
listed
1
beds
1
baths
687
Sq Ft
listed
Lovely 5 -Bedroom (2 downstairs) 3-Bathroom home with Poll and amazing grotto area. To many lovingly added features to mention! Call Amy today for information!
$979,000
listed
4
beds
3
baths
2,386
Sq Ft

Recent Posts

Get Started!