Kristie Roof, Real Estate Broker, Redfin

10/27/2021

The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, estimates a 31.8% cumulative appreciation over the next five years.⁠ 🏡🏡

10/13/2021

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down to future generations. National Association of Realtors research reveals that the average gain for homeowners over the last five years was $139,134 and over the last 10 years was $218,505.

Homeownership builds household wealth which also enables households to more easily move to the home of their dreams.

If you missed out on the equity gains over the last 30 years, don’t fret. Experts are still calling for substantial growth in equity over the next five years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home values (and therefore equity) to increase as follows:

>> 2021: 11.74%
>> 2022: 5.82%
>> 2023: 3.94%
>> 2024: 3.56%
>> 2025: 3.55%

The survey estimates a 31.8% cumulative appreciation over the next five years. Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:

That’s a potential increase in household wealth of $111,285 over five years.

If you want to learn more, DM is. Owning a home is one of the best ways to grow your wealth over time. House wealth can impact generations. In many cases, the largest single investment a household has is their home. As that investment appreciates in value, the financial options also increase.

09/28/2021

Some great questions to ask before buying a home. 🏡

Sometimes it can feel like everyone has advice when it comes to buying a home.

05/08/2021

Went MUTUAL on this Puyallup beauty this week!! Now to get through the Inspection period. 🏡🏡

04/26/2021

LOVED this re-model I saw this weekend while out house hunting with clients!! 🎉🏡🎉

11/29/2020

Many sellers may be tempted to wait to list their homes until after the holidays. 🎁

This is why that's a bad idea. 👇

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses.

02/16/2020

And it all boils down to supply ⬇ and demand ⬆

The success of the U.S. residential real estate market, like any other market, is determined by supply and demand.