Skip To Content

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 | MyKCM

A 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.

Trackback from your site.

Leave a Reply

*
*

About our blog

Our agents write often to give you the latest insights on owning a home or property in the Vancouver WA & Portland OR area.

Testimonials

We were very pleased with our home buying experience with Kelly Winn of Cano Real Estate. He helped us get the house we really wanted, even though it had been pulled off the market! He’s super knowledgeable and helpful – a huge plus since we were from out-of-state. I’d definitely recommend Kelly to anyone looking to buy a home in the Vancouver-Camas area.
Jennifer M.