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March 8, 2016
by Shayla Concannon

Building Family Wealth Over The Next 5 Years

Learn about how you can grow your wealth by investing in a home.  Purchasing real estate is one way you can impact your long-term finances.

Source: Keeping Current Matters

1.16 blog bAs the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.

For example, lets assume a young couple purchases and closes on a $250,000 home in January. What will that home be worth five years down the road?

Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next five years. According to their latest survey, here is how much value that $250,000 house will gain in the coming years.

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Over a five year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a familys overall net worth.

Bottom Line

If you are looking to better your familys long-term financial situation, buying your dream home might be a great option.

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