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82,338 Great Reasons to Buy a Home Today

Thursday, May 6, 2021   /   by Ken Couture

82,338 Great Reasons to Buy a Home Today

Great Reasons to Buy a Home.jpg
The financial benefits of buying a home as compared to 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 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.

Homeowners are going to make a substantial amount of money in home equity over the next five years. If you’re ready to buy a home, talk with a real estate professional today so you can enjoy this great benefit as well.
 

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Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

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