Family Wealth Grows as Home Equity Builds | Keeping Current Matters
With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house.
A recent study by the Joint Center of Housing Studies at Harvard University revealed that home equity grew nicely last year and has grown dramatically over the last five years…
Inflation & Home Equity | Keeping Current Matters
Buyers looking today may not see the same build-up in equity but could still do quite well.
Let’s assume you went into contract in the next six weeks and closed on a $250,000 home in January. If we take the house value projections from the last Home Price Expectation Survey, here is how your equity would grow over the next four years:
Home Price Expectation Survey Equity | Keeping Current Matters
Homeownership has historically been a great way for the average American family to build wealth over time.