Simplifying The Market” loading=”Idle” style=”display: block; margin-bottom: 5px; clear: both; max-width: 100%” link_thumbnail=”” srcset=”https://okchomesellers.com/wp-content/uploads/2021/04/fb_image-14.jpeg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/19123820/20210420-KCM-Share.jpg 750w” sizes=”(max-width: 549px) 100vw, 549px”>
The financial benefits of buying a home as compared to renting one are always up for debate.
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: Simplifying The Market” width=”650″ height=”488″ srcset=”https://okchomesellers.com/wp-content/uploads/2021/04/fb_image-6.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/04/19123821/20210420-MEM-Eng-1-400×300.png 400w” dimensions=”(max-width: 650px) 100vw, 650px”>A homeowner could increase their net worth by over $80,000 in five decades. That is an average of $16,000 annually. That amount should be in any equation determining the monetary advantages of owning a home compared to renting.
Homeowners are going to earn a substantial amount of money in home equity during the next five decades. If you are all set to buy a home, let’s join so you can enjoy this great advantage as well.
This post was originally posted on Simplfy the Market