As home prices rise, many may be worried about buying at what seems to be the peak of the market. But results from the latest Home Price Expectation Survey show that there’s no reason to worry — and every reason to invest now.
The survey predicts that prices will continue to rise over the next 5 years. These are years where you can be gaining substantial equity in a home.
According to the survey, the average homeowner’s wealth will increase by $47,772 over the next five years, based on a current home value of $250,000.
Here are the results of the survey:
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