• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Tabitha L. Cox

Tabitha L. Cox

  • Property Search
  • What is my Home Worth?
  • Fair Housing
  • About Me
  • My Reviews
  • My Sales
  • Neighborhood News
  • Contact Me
Howard Hanna Real Estate Executives

82,338 Great Reasons to Buy a Home Today

April 20, 2021 by Leave a Comment

82,338 Great Reasons to Buy a Home Today | Simplifying The Market

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 | Simplifying The MarketA 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.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Contact Me

Tabitha L. Cox, Realtor®
Howard Hanna Real Estate Executives
231-224-6105
517-883-1296
tabithacox@howardhanna.com
tabithalcox.com

Connect with Me

Facebook

Instagram

LinkedIn

Pinterest

Howard Hanna Real Estate Executives

517-657-9100
Copyright © 2022