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How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.

Here are the results from the Q2 2019 Survey:
-Home values will appreciate by 4.1% in 2019
-The average annual appreciation will be 3.2% over the next 5 years
-The cumulative appreciation will be 16.8% by 2023
-Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023

What does this mean for you?
A substantial portion of family wealth comes from home equity. As the value of a family’s home (an asset) increases, so does their equity.

Based on gains in home equity, their family wealth could increase by $42,000 over that five-year period.

Bottom Line
If you don’t yet own a home, now may be the time to purchase. Owning or moving up to your dream home could allow you to ride the increase in equity of a growing asset.

Your Realtor for Life!
Jeff Davenport
702-423-0777

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