• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Menu
  • Home
  • About
    • Blog
    • Testimonials
  • Communities
    • Agoura
    • Calabasas
    • Camarillo
    • Malibu
    • Moorpark
    • Newbury Park
    • San Fernando Valley
    • Simi Valley
    • Thousand Oaks
    • Westlake Village
  • MLS Search
  • Featured Listings
  • Solds
  • Resources
    • Buyers
    • Golf Courses
    • School Ratings
    • Sellers
    • Staging
    • Utilities
    • Moving
    • Mortgage Calculator
    • Food & Wine
  • Get In Touch

Blog / March 29, 2019

How to Put Your Housing Cost to Work for You

How to Put Your Housing Cost to Work for You | Simplifying The Market

There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.

The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time with 80% of the gains coming from price appreciation.

For a homeowner who purchased their home 30 years ago, they have gained nearly $250,000 in equity with 70% coming from price increases. The full results can be seen in the chart below.

How to Put Your Housing Cost to Work for You | Simplifying The Market

According to the Home Price Expectation Survey, a family who purchased a median priced home this January can expect to gain more than $42,000 over the next five years simply from price appreciation alone.

Bottom Line

Your home is one of the only investments you can live inside as you pay it off over time. If you are ready to use your housing costs to build wealth, let’s get together to discuss how to make your dream a reality.

Powered by WPeMatico

Filed Under: Blog

Primary Sidebar


0 / 180

Footer

CONTACT

971 S. Westlake Blvd, Suite 100, Westlake Village, CA 91361

Call: 805-231-6880

Email: ChristinasHomes4Sale@gmail.com

About

We are award-winning Realtors and have worked hard to earn the respect of our clients and colleagues.

CONNECT

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2023 · The MacPhee Group

Copyright © 2023 · Digital Pro on Genesis Framework · WordPress · Log in