As 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, let's assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road?Pulsenomicssurveys 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 latestsurvey, here is how much value that $250,000 house will gain in the coming years.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 family's overall net worth.
If you are looking to better your family's long-term financial situation, buying your dream home might be a great option.
Author:Ann Marie Cancro Phone: 717-468-1301 Dated: June 8th 2016 Views: 165 About Ann Marie: LICENSED: Licensed Real Estate Professional since October 1990.
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"WOW! What an amazing experience. I was told by a friend that the buying process would be tedious and exhausting but Paul did everything possible to make our first time purchase an absolute blessing. Thank you Paul for a great experience - We WILL be back when our little one get older :-)"