Family Wealth Grows as Home Equity Builds

Posted: 21 Oct 2015 04:00 AM PDT
Family Wealth Grows as Home Equity Builds | Keeping Current MattersWith 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 MattersBuyers 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

Bottom Line

Homeownership has historically been a great way for the average American family to build wealth over time.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]