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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.
Arecent studyby theJoint Center of Housing Studies at Harvard Universityrevealed that home equity grew nicely last year and has grown dramatically over the last five years…
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 lastHome Price Expectation Survey, here is how your equity would grow over the next four years:
Homeownership has historically been a great way for the average American family to build wealth over time.
Author:Kelly Meyer Phone: 704-819-2774 Dated: October 21st 2015 Views: 215 About Kelly: ...
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