{"id":1842,"date":"2021-07-06T15:46:12","date_gmt":"2021-07-06T15:46:12","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1842"},"modified":"2021-07-06T15:46:12","modified_gmt":"2021-07-06T15:46:12","slug":"a-look-at-home-price-appreciation-through-2025","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/a-look-at-home-price-appreciation-through-2025\/","title":{"rendered":"A Look at Home Price Appreciation Through 2025"},"content":{"rendered":"
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A Look at Home Price Appreciation Through 2025<\/p><\/div>\n

Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked \u2013 as the value of a home increases, so does a homeowner\u2019s equity. And with these recent gains, homeowners are witnessing their\u00a0financial stability and well-being grow to\u00a0<\/strong>record levels<\/strong><\/a>.<\/strong><\/p>\n

In more good news for homeowners, the most recent\u00a0Home Price Expectations Survey<\/em>\u00a0\u2013 a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists \u2013\u00a0forecasts<\/strong><\/a>\u00a0home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year.\u00a0<\/strong>Below are the expected year-over-year rates of home price appreciation from the report:<\/p>\n

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Expected Rate of Rate Appreciation Through 2025<\/p><\/div>\n

What Does This Mean for Homeowners?<\/strong><\/h4>\n

Home prices are climbing today, and the data in the survey indicates they\u2019ll continue to increase, but at rates that approach a more normal pace. Even still, the amount of household wealth a homeowner stands to earn going forward is substantial. This truly becomes clear when we consider a scenario using a median-priced home purchased in January of 2021 and the projected rate of appreciation on that home over the next five years. As the graph below illustrates, a homeowner could\u00a0increase their net worth by<\/strong>\u00a0a significant amount \u2013 over $93,000 dollars by 2026.<\/strong><\/p>\n

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Potential Growth in Household Wealth Over the Next 5 Years.<\/p><\/div>\n

Home Price Appreciation and Home Equity<\/strong><\/h4>\n

CoreLogic<\/em>\u00a0recently released their quarterly\u00a0Homeowner Equity Insights Report<\/em><\/a>,<\/em>\u00a0which tracks the year-over-year increases in equity. It shows an average\u00a0annual gain of $33,400 per borrower over the past 12 months<\/strong>. In the report, Dr. Frank Nothaft, Chief Economist for\u00a0CoreLogic<\/em>, further explains:<\/p>\n

\u201cDouble-digit home price growth in the past year has bolstered home equity to a record amount.\u00a0<\/strong>The national CoreLogic Home Price Index recorded an 11.4% rise in the year through March 2021, leading to a $216,000 increase in the average amount of equity held by homeowners with a mortgage.\u201d<\/em><\/p><\/blockquote>\n

The expected, sustained growth of home prices means homeowners can continue to build on the past year\u2019s record levels of home equity \u2013 and their financial prosperity. It also presents today\u2019s homeowners with a unique opportunity: using their growing equity for a home upgrade. With so few homes available to purchase and strong buyer demand, there may not be a better time to\u00a0sell your current house<\/a>\u00a0and move into one that better meets your needs.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Home prices are expected to continue appreciating over the next five years, and the associated equity gains are the quickest way homeowners can build household wealth. If you\u2019re a current homeowner who\u2019s ready to take advantage of your built-up equity, let\u2019s connect today to discuss your options.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The most recent\u00a0Home Price Expectations Survey\u00a0\u2013 a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists \u2013\u00a0forecasts… Finish Reading A Look at Home Price Appreciation Through 2025<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[38,15,129,18,130,183,27,91,128,158,52,25,176,49,159,170,42,63,90,48,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1842"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1842"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1842\/revisions"}],"predecessor-version":[{"id":1846,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1842\/revisions\/1846"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}