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 this January. If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Since the experts predict that home prices will increase by 5.0% in 2018, the young homeowners will have gained $12,500 in equity in just one year.

Over a five-year period, their equity will increase by over $48,000! 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

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!


Q1 2018 HPE Survey

Check out https://www.pulsenomics.com!  Data, charts, updates, results, and news concernin...

Read More

What's My Home Worth?

Find the value of your home in the Maryland, Virginia and Washington, D.C  real estate mar...

Read More

Search | Maryland, Virginia and DC Real Estate | Homes and Properties for sale | Crawford & Lee Team Realtors

Crawford & Lee Team Realtors lists homes for sale and real estate in the Montgomery &a...

Read More

Crawford & Lee's Coming Soon

We are constantly meeting with homeowners about the sale of their homes. As a result we ha...

Read More

I Am Ready to Buy a House... Now What?

I love working with first time buyers. Their enthusiasm for this new journey they are abou...

Read More