Family Wealth Grows as Home Equity Builds

By
Real Estate Agent with LUXE Estates & Lifestyles NV Lic #S.70381

With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house.

 

recent study by the Joint Center of Housing Studies at Harvard University revealed that home equity grew nicely last year and has grown dramatically over the last five years…

Inflation & Home Equity | Simplifying The Market

Buyers looking today may not see the same build-up in equity but could still do quite well.

Let’s assume you went into contract in the next six weeks and closed on a $250,000 home in January. If we take the house value projections from the last Home Price Expectation Survey, here is how your equity would grow over the next four years:

Home Price Expectation Survey Home Equity | Simplifying The Market

Bottom Line

Homeownership has historically been a great way for the average American family to build wealth over time.

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Kristine Dugan    REALTOR® | Certified Residential Specialist    
Luxe Estates & Lifestyles    Keller Williams Coastal Estates    
m. 702.332.7781   | NV DRE 70381  CalBRE 01958282  
e. info@KristineDugan.com   | w. www.KristineDugan.com      
Recognized. Respected. Recommended.      
 
               
 
 
 
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Home Buying
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home equity
family wealth
how to grow wealth
benefits of homeowwnership
family wealth planning

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