If you need assistance, please call 602-799-7099

Building Your Family's Wealth Over the Next 5 Years

Wednesday, December 14, 2016   /   by Lynn Goodale

Building Your Family's Wealth Over the Next 5 Years

Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% 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 purchases and closes 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?

Building Your Families Wealth_ potential growth.JPG

Since the experts predict that home prices will increase by 4.0% this year alone, the young homeowners will have gained over $10,000 in equity in just one year.

Over a five-year period, their equity will increase by over $43,000! 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, let’s get together to find out if you are able to, today! Call Austin and Lynn at 602-799-7099 and Start Packing! Or .... start your home search by clicking here!


  az real estate, az realtor, buy my house, gilbert az, goodale realty group, hasting farms, hgtv, jk realty, phoenix realtors, san tan mountains, san tan valley, search homes in gilbert az, sell my house, your home sold guaranteed or we will buy it, 602-799-7099, arizona, austin and lynn, austin and lynn goodale, building wealth, health wealth and happiness