Wednesday, August 17, 2016

Why Buying Now is a Smart Investment

Why Buying Now is a Smart Investment

The most recent Home Price Expectation Survey by Pulsenomics predicts that over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%. For you as a home buyer, that is amazing news! Take a look at this chart that shows potential growth over the next five years.



A buyer who purchased a home in January 2016 can expect an average of 4.5% equity growth over the next year. On a $250,000 home, that is over $11,000 in equity in just one year. When looking at the next five years, it is predicted that home will grow over $46,000 in equity alone. That does not account for the amount of principal the homeowner will pay down in those 5 years. 

With home prices on the rise, and interest rates holding low and steady, buying a home today would be one of the best investments you could make! 

To check out the homes available in the Irmo, Lexington, Chapin, Newberry, Prosperity, and Greater Columbia Area please visit my website at www.allisonparler.com 

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