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Laura Anderson

Los Angeles Real Estate

82,338 Great Reasons To Buy A Home Today

original post: https://activatedagent.com/82338-great-reasons-to-buy-a-home-today/

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

Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example: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.

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  Keller Williams Larchmont Miracle Mile | 118 N Larchmont Blvd, Los Angeles, CA 90004

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  Keller Williams Realty Larchmont | 118 N Larchmont Blvd, Los Angeles, CA 90004