Family Wealth Grows as Home Equity Builds


Family Wealth Grows as Home Equity Builds | Keeping Current Matters

With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house.

A recent study by the Joint Center of Housing Studies at Harvard University revealed that home equity grew nicely last year and has grown dramatically over the last five years…

Inflation & Home Equity | Keeping Current Matters

Buyers looking today may not see the same build-up in equity but could still do quite well.

Let’s assume you went into contract in the next six weeks and closed on a $250,000 home in January. If we take the house value projections from the last Home Price Expectation Survey, here is how your equity would grow over the next four years:

Home Price Expectation Survey Equity | Keeping Current Matters

Bottom Line

Homeownership has historically been a great way for the average American family to build wealth over time

About FineHomesDigest

The Fine Homes Team, Mark Finchem, Associate Broker with Long Realty Company, provides service to buyers, seller and builders where fine homes are concerned. With extensive experience in residential real estate transactions we can help you with the home you'd rather have.
This entry was posted in Affordability, Mortgage interest rates, Oro Valley, Quality of Life, Tucson. Bookmark the permalink.

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