How Your Home’s Value Grows Your Family’s Wealth

By
Real Estate Agent with YourStories Realty Group powered by Castles Unlimited® MA# 9517963

The real truth is that real estate when bought and sold correctly is one of the best investments anyone can make.  Down through all the years real estate has always been the measure of wealth.  Today with incentives people who had has troubles are now getting back in the market. People who have had their last child move off after graduating are considering downsizing.  Younger people who have lived with their parents after school as they start off on the careers and get their own college debt-load under control are also coming back into the market.  There is a great deal of choice and option.  To get your questions answered you never have to be our client.How Your Home’s Value Grows Your Family’s Wealth | Simplifying The Market

Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% 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 purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?

How Your Home’s Value Grows Your Family’s Wealth | Simplifying The Market

Since the experts predict that home prices will increase by 5.0% this year alone, the young homeowners will have gained $12,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $49,000! 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!  You never have to be our client to get your real estate questions answered.

Posted by

Larry Lawfer, Realtor®YourStories Realty, It's all about you,

Larry Lawfer

Partner

Realtor®, Director of Marketing

YourStories Realty Group powered by Castles Unlimited®

837 Beacon St

Newton, MA 02459

larry@yourstoriesrealty.com, 617-774-8292

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Rainmaker
3,444,172
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Larry. While not for everyone, most should seriously consider home ownership and the power of leverage! Enjoy your day!

Sep 06, 2017 05:18 AM #1
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Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Great explanation, Larry. And to build even more wealth, I believe there is no better vehicle than investment property!

Sep 06, 2017 05:21 AM #2
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Larry - graphics always tell the most powerful story.  You did a good job here.

Sep 06, 2017 06:30 AM #3
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Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Wayne Martin You are right, not everyone should own property, just those who want to build wealth.Thanks for your comments, as always.

Nathan Gesner One foot in front of another, my friend. Investment property does have some more inherently difficult issues, but working with a professional will mitigate those isssues.

Sep 06, 2017 07:03 AM #4
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Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Grant Schneider Yes, graphics help and video even more so.

Sep 06, 2017 07:03 AM #5
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Larry Lawfer

"I listen for a living." It's all about you.
Storyteller Marketing changes the game, call here now.
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