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Family Wealth Projected to Grow with Home Prices

Rent costs continue to rise and have increased over 200% since 1988. As buyers found it difficult to acquire financing after the housing collapse in the 2000s and turned to renting, many are finding that home ownership now makes more financial sense. In fact, according to the Home Price Expectation Survey (3rd quarter, 2015) which analyzed home equity price projections, potential family growth is expected to rise by $34,115 over the next four years from $250,000 in 2016 to $284,115 in 2020. Combined with low interest rates, buying now and investing in home equity could mean increased wealth over time for many buyers.

KCM Slide 31  KCM Slide 21

National award-winners and seasoned Realtors with over many years of experience in Northern & Central New Jersey, Rahul & Smitha and their team have become New Jersey’s “Go To” agents and consistent leaders with a reputation for tenaciously protecting their clients’ interests. They specialize in Morris, Somerset, Essex, Union and Passaic counties.

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Our agents write often to give you the latest insights on owning a home or property in the local area.