80,000 Plus Great Reasons to Buy a Home in Today’s Market

The financial benefits of purchasing a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows:

  • 2021: 6%
  • 2022: 4.5%
  • 2023: 4%
  • 2024: 3.6%
  • 2025: 3.5%

Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:

A homeowner could increase their net worth by over $80,000 in five years. That’s an average of $16,000 annually. That number should be in any equation determining the financial benefits of owning a home compared to renting.

BOTTOM LINE

Homeowners are going to make a substantial amount of money in home equity over the next five years. If you are ready to buy a home, let’s connect so you can enjoy this great benefit as well.

Do you want to know more?
LET’S TALK ABOUT IT.
 
We have wonderful opportunities for you.
BUY & SELL WITH CONFIDENCE.
 
Call/Text   1 (954) 809-5318

[email protected]

So. Florida: Closed Sales, Average Prices, Inventory, and Time to Close:

FEBRUARY 2021:    Broward     |     Miami-Dade     |     Palm Beach     |     St. Lucie

Post a Comment