82,338 Great Reasons to Buy a Home Today

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](https://pulsenomics.com/surveys/#home-price-expectations), 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:[](https://i0.wp.com/cherylbowerrealestate.com/wp-content/uploads/2021/04/20210420-MEM-Eng-1.png?ssl=1)A 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. ### **Bottom Line** Homeowners are going to make a substantial amount of money in home equity over the next five years. If you’re ready to buy a home, let’s connect so you can enjoy this great benefit as well. Posted in [First Time Home Buyers](https://cherylbowerrealestate.com/category/first-time-home-buyers/), [For Buyers](https://cherylbowerrealestate.com/category/for-buyers/), [Housing Market Updates](https://cherylbowerrealestate.com/category/housing-market-updates/), [Pricing](https://cherylbowerrealestate.com/category/pricing/)