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2019-08-06 11:18:27
How to Increase Your Net Worth Over the Next 5 Years | REALTY MASTERS STL
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We all would like to see our net worth increase over time and there are many strategies around to assist with that, but did you know the best way is to invest in a home?

The most recent Home Price Expectation Survey (HPES) helps target these projected answers.

Here are the results from the Q2 2019 Survey:

  • Home values will appreciate by 4.1% in 2019
  • The average annual appreciation will be 3.2% over the next 5 years
  • The cumulative appreciation will be 16.8% by 2023
  • Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023

What does this mean for you?

A substantial portion of family wealth comes from home equity. As the value of a family’s home (an asset) increases, so does their equity.

Using the projections from the HPES, here is a look at the potential equity a family could earn over the next five years if they purchased a $250,000 home in January of 2019:How to Increase Your Equity Over the Next 5 Years | Keeping Current Matters

Based on gains in home equity, their family wealth could increase by $42,000 over that five-year period.

If you don’t yet own a home, now may be the time to purchase. Owning or moving up to your dream home could allow you to ride the increase in equity of a growing asset, thereby increasing your net worth.

To discuss your options give us a call. We can be reached at (636) 220-7830 or realtymastersstl.com.

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Other articles that may interest you:  The St Louis Home Buyers Guide to Getting a Mortgage, 5 Steps to Buying Your First Home, 12 Questions to Ask Your Mortgage Lender

If your plans include a home purchase in Greater Saint Louis, REALTY MASTERS, STL are the local experts.  Let’s get together to discuss your options and to help you make one of the most powerful and confident decisions for you and your family.

To reach us please call 636-220-7830 or send us an email:  info@RealtyMastersStl.com

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Blog Archive
2019-08-06 11:18:27
How to Increase Your Net Worth Over the Next 5 Years | REALTY MASTERS STL

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