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Building Family Wealth Over The Next 5 Years

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As the economy continues to improve, doctor more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, health many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.

For example, buy let’s assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road?

family-wealth-chart

Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next 5 years. According to their latest survey, here is how much value that $250,000 home will gain in the coming years.

Over a five year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is a large portion of a family’s overall net worth.

Bottom Line

If you are looking to better your family’s long-term financial situation, buying your dream home might be a great option.

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