The Connection Between Home Prices and Family Wealth. Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% 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?
Connection Between Home Prices and Family Wealth
Since the experts predict that home prices will increase by 4.4% this year alone, the young homeowners will have gained $11,000 in equity in just one year.
Over a five-year period, their equity will increase by nearly $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
In conclusion, 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!
Cost of "Roughing It" = $46Million
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Jesse & Sandra Split = New Beach Front Listing = Sunset Beach, CA = Just Shy of $6MM
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As real estate professionals we have spent the last several years helping homeowners avoid foreclosure in this ever changing economy.... We can finally say____Washington DC is waking up! The major networks and newspapers are advertising Short Sales.....could it be...
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Short Sales Successful When There Is Negative Equity In Property
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NAR Jeff Lischer Executive Talks About HAFA Short Sales
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Arnold To The Rescue…Californians Get Short Sale Tax Break…SB 401
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SB 401…More News…Great Relief for Tax Payers and Short Sales
Check this out...according to Sacremento Bee (april 9, 2010)...The Governator is going to sign SB 401 as soon as this week. SB 401 is "lock step" in line with IRS Mortgage Debt Relief Act of 2007 forgiving any tax liabilities afforded Californians that took advantage...
Check This Out…Daily Bulletin Highlights Short Sales, HAFA and Kris & Kim Darney
Real estate specialist Kris Darney on Thursday walks through a Rancho Cucamonga home whose owners are hoping it will be purchased in a short sale instead of being lost to foreclosure. (Mediha Fejzagic DiMartino/Staff Photographer) Read...
We received This Email from Wells Fargo…They Want To Sell Short Sales!
April 2010 The spring selling season is upon us and opportunities abound to boost the housing market and get it on a positive track. We have the advantages of low interest rates, affordable housing stock and the homebuyer tax credits that expire within just a few...
Governer Schwarzenegger Supports Short Sales…Will Sign CA SB 401 to Relieve State Tax Penalties
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Short Sale Questions…Kris & Kim Darney Answer What's HAFA
Kris and Kim Darney answer most frequently asked questions from homeowners that are considering a Short Sale. As of 2009 more than 11.3 million residential properties fell into negative equity. That equals 24% of all homes in America with a mortgage. Consider walking...
More on HAFA…Kris & Kim Darney Talk About Benefits to Home Owners Doing Short Sales
Kris and Kim Darney highlight HAFA….Home Affordable Foreclosure Alternative rolled out April 5th by our Treasury Department as an extension of HAMP….Home Affordable Modification Program. Some of the highlights of HAFA include an incentive of up to $3000 for relocation...
Jeff Lischer…NAR Representative Explains HAFA…Short Sales…See Kris & Kim Darney Blog
Kim and I are excited to run across this video on HAFA from Jeff Lischer, communications Representative for National Association of Realtors...Great Video...15 minutes...but worth it if you are in need fo assistance.
Correction…HAFA Does Help Home Owners with 2nd and 3rd Liens
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Feds Help with HAFA…Kris & Kim Highlighted
Real estate specialist Kris Darney on Thursday walks through a Rancho Cucamonga home whose owners are hoping it will be purchased in a short sale instead of being lost to foreclosure. (Mediha Fejzagic DiMartino/Staff Photographer) Read...
CNBC Talks About HAFA…Short Video
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Barney Frank Get's It…Support Him in His Efforts to Help Our Homeowners!
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