82,338 Great Reasons to Buy a Home Today

Tuesday, April 20, 2021   /   by Janelle Endres

82,338 Great Reasons to Buy a Home Today

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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 Today2.pngA 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.


  homebuyers, housing market update, first time home buyers, pricing

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