82,338 Great Reasons to Buy a Home Today

Dated: April 20 2021

Views: 9

82,338 Great Reasons to Buy a Home Today

82,338 Great Reasons to Buy a Home Today | MyKCM

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows:

  • 2021: 6%
  • 2022: 4.5%
  • 2023: 4%
  • 2024: 3.6%
  • 2025: 3.5%

Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:82,338 Great Reasons to Buy a Home Today | MyKCMA homeowner could increase their net worth by over $80,000 in five years. That’s an average of $16,000 annually. That number should be in any equation determining the financial benefits of owning a home compared to renting.

Bottom Line

Homeowners are going to make a substantial amount of money in home equity over the next five years. If you’re ready to buy a home, let’s connect so you can enjoy this great benefit as well.

Blog author image

Rob St. Onge

A real estate professional since 2012, Rob St. Onge is known for integrity, diplomacy and sincerity in all his dealings. In hi....

Latest Blog Posts

Your House Could Be the Oasis in an Inventory Desert

Your House Could Be the Oasis in an Inventory DesertHomebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a

Read More

3 Graphs Showing Why You Should Sell Your House Now

3 Graphs Showing Why You Should Sell Your House NowThere’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving

Read More

The Power of Mortgage Pre-Approval [INFOGRAPHIC]

The Power of Mortgage Pre-Approval [INFOGRAPHIC]Some Highlights Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history,

Read More

Why Waiting to Buy a Home Could Cost You a Small Fortune

Why Waiting to Buy a Home Could Cost You a Small FortuneMany people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to

Read More