Home prices are expected to continue rising over the next few years. The graph below shows the projected changes in home prices over the next five years. This year, prices have increased by 4.73%, and it is predicted that prices will rise annually between the low to high 3% range until 2028.
So, how much can homeowners expect their assets to grow? The table below illustrates how much your assets could increase by the end of 2028 if you currently own a home valued at $450K.
If you own a $450K home, applying the projected home price increase, your assets will grow by $90K by the end of 2028. If you purchased the home with a 20% down payment, your initial investment, including other costs, would be around $100K. In just four years, this translates to a 190% ROI. Not a bad investment, right?
If you have any further questions, feel free to reach out. I’ll be back soon with more interesting updates!
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