Tami Savage, Realtor

Your Key to a New Lifestyle

  • Search for Homes
  • Blog
  • About
  • Contact
  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

A Look at Home Price Appreciation Through 2025

July 6, 2021 By Tami Savage

A Look at Home Price Appreciation Through 2025

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 – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels.

In more good news for homeowners, the most recent Home Price Expectations Survey – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists – forecasts home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year. Below are the expected year-over-year rates of home price appreciation from the report:

Expected Rate of Appreciation Through 2025. Source: Home Price Expectation Survey 2021 Q2

What Does This Mean for Homeowners?

Home prices are climbing today, and the data in the survey indicates they’ll 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 increase their net worth by a significant amount – over $93,000 dollars by 2026.

$93,629 Potential growth in household wealth over the next five years based solely on increased home equity if you purchased a $350k home in January 2021. Source: Home Price Expectation Survey 2021 Q2

Home Price Appreciation and Home Equity

CoreLogic recently released their quarterly Homeowner Equity Insights Report, which tracks the year-over-year increases in equity. It shows an average annual gain of $33,400 per borrower over the past 12 months. In the report, Dr. Frank Nothaft, Chief Economist for CoreLogic, further explains:

“Double-digit home price growth in the past year has bolstered home equity to a record amount. 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.”

The expected, sustained growth of home prices means homeowners can continue to build on the past year’s record levels of home equity – and their financial prosperity. It also presents today’s 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 sell your current house and move into one that better meets your needs.

Bottom Line

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’re a current homeowner who’s ready to take advantage of your built-up equity, let’s connect today to discuss your options.

Tagged With: For Sellers, Housing Market Updates, Move-Up Buyers, Pricing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Free eGuide. Things to Consider When Buying a Home. Send me this eGuide.

Free eGuide. Things to Consider When Selling Your House. Send me this eGuide.

A Guide to Buying Your First Home. Send me this eGuide.

Tags

Baby Boomers Buying Myths Community Demographics Distressed Properties Downloadable Down Payments First Time Home Buyers Forbearances For Buyers Foreclosures For Sale By Owners For Sellers FSBOs Garden Generation X Generation Z Gen X Gen Z Holidays Home Household Management Housing Market Updates Infographics Interest Rates Interview Investors Lifestyle Luxury Market Millennials money Move-Up Buyers moving New Construction Pricing relocation Remodel Rent vs Buy Report Reviews Selling Myths Senior Market Short Sales Veterans Video

Free eGuide. Things to Consider When Selling Your House. Send me this eGuide.

Free eGuide. Things to Consider When Buying a Home. Send me this eGuide.

Tags

Baby Boomers Buying Myths Community Demographics Distressed Properties Downloadable Down Payments First Time Home Buyers Forbearances For Buyers Foreclosures For Sale By Owners For Sellers FSBOs Garden Generation X Generation Z Gen X Gen Z Holidays Home Household Management Housing Market Updates Infographics Interest Rates Interview Investors Lifestyle Luxury Market Millennials money Move-Up Buyers moving New Construction Pricing relocation Remodel Rent vs Buy Report Reviews Selling Myths Senior Market Short Sales Veterans Video

Designations & Certifications

🍁 Home prices got you puzzled? It's all about s 🍁 Home prices got you puzzled? It's all about seasonality! 📊 While some say prices are dropping, the truth is, they're just following the usual yearly pattern.

🌸 𝐒𝐩𝐫𝐢𝐧𝐠 = Peak demand
☀️ 𝐒𝐮𝐦𝐦𝐞𝐫 = High activity
🍂 𝐅𝐚𝐥𝐥/𝐖𝐢𝐧𝐭𝐞𝐫 = Slower growth

It's normal, and it's happening now. No drastic drops, just a more moderate rise. For the real scoop on local home prices and how this impacts your plans, DM me.

#HomePrices #MarketSeasonality #RealEstateFacts #DontBelieveTheHype #HomeBuyingAndSelling
Feeling lost in the housing market buzz? 🌐 Let’s break down the big three questions:
📈 Mortgage Rates: Expected to stabilize as inflation eases.
🏠 Home Prices: Still growing, but at a more normal pace.
💬 Recession Talk: Becoming less likely according to experts.

Navigating the market doesn’t have to be confusing. DM me to discuss your real estate plans as we approach the new year.

https://tamisavage.com/are-the-top-3-housing-market-questions-on-your-mind/
📈 Home inventory update! While there's a bit mo 📈 Home inventory update! While there's a bit more on the market now, we're still far from pre-pandemic levels.

𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐨𝐟 𝐛𝐮𝐲𝐢𝐧𝐠? More options, but stay ready for competition.
𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐞𝐥𝐥? It's still a great time to make your move.

Let’s talk strategy for today’s market. DM me for the latest insights and personalized advice!
Ever wonder if big investors are scooping up all t Ever wonder if big investors are scooping up all the homes? 🏡🔍 Here’s the breakdown: Out of 82 million single-family homes in the U.S., most are owned and lived in by individuals, not investors.

👉 Don’t let the myths scare you. There’s room for you in the housing market. Questions? DM me for real insights and guidance on your path to homeownership.

https://tamisavage.com/is-wall-street-buying-up-all-the-homes-in-america/
🎁✨ Thinking of selling your home this holiday 🎁✨ Thinking of selling your home this holiday season? Here's why you shouldn't wait:

1. Holiday buyers mean business.
2. Less competition, more demand.
3. Control over showing times.
4. Holiday cheer adds a special touch.

Ready to make a move? DM me to find out how we can get your home on the top of buyers' wish lists this season.

https://tamisavage.com/is-your-house-the-top-thing-on-a-buyers-wish-list-this-holiday-season/
🔮🏠 Wondering what 2024 has in store for the 🔮🏠 Wondering what 2024 has in store for the housing market? Experts say home prices are on the rise, and sales are set to increase too!

For those buying or selling, this means more opportunities and a robust market. Let's make your home dreams a reality next year. DM me to discuss the latest forecasts and plan your move!

See the infographic: https://tamisavage.com/2024-housing-market-forecast-infographic/
🏠💡 Yes, mortgage rates are higher, and yes, 🏠💡 Yes, mortgage rates are higher, and yes, home prices are up. But homes are still selling — fast! Did you know about 8 houses are sold every minute in the U.S.?

In today's market, a great agent is your key to success. I’m here to guide you through the buying or selling process, making sure your dreams don't stay just dreams. 🌟

DM me to discuss how we can make your move happen!

Full Article: https://tamisavage.com/people-are-still-moving-even-with-todays-affordability-challenges/

#RealEstateGoals #MarketInsights #HomeBuying #HomeSelling #NavigateTheMarket
Ready to leap into the 2024 housing market? 🏠✨ Expert forecasts suggest ongoing home price appreciation, though at a gentler pace, and a slight uptick in sales.

Whether you're eyeing a new home or considering selling, understanding the market trends is key. Let's discuss your options and make informed decisions for your future home dreams. 🚀

DM me for insights and guidance tailored to your needs!

Full article: https://tamisavage.com/the-latest-2024-housing-market-forecast/
Load More Follow on Instagram
The Summer Guides for Buying and Selling a Home are Here.

To get the latest digital copy, go to https://tamisavage.com/the-spring-guides-for-buying-and-selling-a-home-are-here/
The Spring Guides for Buying and Selling a Home Are Here
How you price your house will make a big difference to not only your bottom line, but to how quickly it could sell. Let’s connect to figure out the ideal price for your house.
Price Your House Right When You Sell
Getting pre-approved is an important first step toward buying a home. Let’s connect so you have the right tools to buy a home in today’s market.

Data Source:
 • https://www.forbes.com/advisor/mortgages/what-it-takes-to-be-preapproved-for-a-mortgage-and-why-it-matters/
The Importance of Pre-Approval
There are many reasons why it’s easy to fall in love with homeownership. If you’re ready to find the home of your dreams, let’s connect.
Why It's Easy To Fall in Love with Homeownership
You can have the home you want without waiting for the perfect home to come onto the market.

SOURCE for Data in Video: 
 • https://themreport.com/news/data/08-29-2022/homebuyers-compromise
Create Your Perfect Home by Perfecting It After You Purchase
Before buying a home, it’s a good idea to know why homeownership is important to you. Let’s connect to discuss your why and prioritize your next steps.

SOURCE for Data in Video: 
 • https://himaxwell.com/resources/ebooks-white-papers/1h-2022-millennial-genz-borrower-sentiment-report/#downloadnow
Top Reasons Why You May Want To Buy a Home
There’s a lot going on in the housing market right now. 

You can get the latest digital copy from my website post: https://tamisavage.com/the-winter-guides-for-buying-or-selling-a-home-are-here/
The Winter Guides for Buying or Selling a Home Are Here
There’s good reason to make your move right now if you’re ready to sell. Let’s connect to talk about the benefits of selling your house this season.
5 Reasons To Sell Your House This Winter
Rents have risen dramatically for over three decades. Let’s connect so you can have expert advice on your side to help you reach your homeownership goals.

Data Source: 
 • http://www.census.gov/housing/hvs/files/currenthvspress.pdf
Avoid the Rental Trap
Load More... Subscribe

Let’s Connect

770-744-2524‬ or
(888) 959-9461 x2543

Digitial Business Card

 

Calculate Mortgage Payments

www.mlcalc.com/mortgage-calculator/
Copyright © 2019+ Tami Savage LLC. All Rights Reserved. Privacy Policy

DISCLAIMER: The information contained, and the opinions expressed, on this site are NOT intended to be construed as legal or financial advice. Tami Savage does NOT guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as legal or financial advice. You should ALWAYS conduct your own research and due diligence and obtain professional advice before making any legal or financial decisions. Tami Savage will NOT be liable for any loss or damage caused by your reliance on the information or opinions contained herein.