Beverly Meola, REALTOR, GRI, CBR, PSA
  • Home
  • Sellers
    • Seller Questionnaire
    • WhatsMyHomeWorth?
  • Market Reports
  • Buyers
    • Buyer Questionnaire
    • Search Listings
    • Featured Listings >
      • 14 Sartelle St
      • 8-8TuckFarmRd
    • Neighborhood Information >
      • West Boylston MA
      • Holden, MA
  • Blog
  • About

How Does Housing Help Build Family Wealth?

5/31/2016

Comments

 
Picture
As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.
For example, let’s assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road? 
Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next five years. According to their latest survey, here is how much value that $250,000 house will gain in the coming years.
Picture
Over a five-year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a family’s overall net worth.

​If you are looking to better your family’s long-term financial situation, buying your dream home might be a great option.

Comments

Sell NOW Before Competition Hits the Market

5/25/2016

Comments

 
Picture
n their current edition of the Home Price Expectation Survey released last week,Pulsenomics asked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed:
“In your opinion, what is the primary driver of recent home value growth in the U.S.?”Here are the top four reasons given by those surveyed:
Picture
As we have stated before, the current lack of inventory in most housing markets has caused home appreciation to increase at greater percentages than historical averages. This means that this is a great time to sell your home as supply is low and demand is high.
However, things may be about to change…The fortuitous situation sellers see themselves in may soon change for three reasons:
  1. As more homeowners realize their equity situation has dramatically improved over the last four years, they will be more likely to put their homes on the market.
  2. With the residential real estate sector outperforming a sluggish economy, more home builders will be looking to add new construction inventory to a depleted supply of housing stock.
  3. Many banks are just now foreclosing on loans that have been delinquent since the housing bust. These houses will also be coming to market.
According to Daren Blomquist, senior vice president of RealtyTrac, in the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report:
“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory.” 

​In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.

Comments

    Categories

    All
    Buyers
    Market Update
    Millennials
    Sellers
    Seller Tips
    Tips For Homeowners

    Archives

    October 2021
    July 2021
    April 2021
    March 2021
    February 2021
    December 2020
    September 2020
    August 2020
    July 2020
    April 2020
    March 2020
    February 2020
    January 2020
    November 2019
    October 2019
    September 2019
    May 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    November 2017
    September 2017
    August 2017
    June 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016

    RSS Feed

Susan Meola Properties, Inc.
Susan Meola Properties, Inc. | 97 Worcester Street | West Boylston, MA | (508) 835-8030
Licensed in the Commonwealth of Massachusetts
Privacy Policy
Picture
Picture
Photo used under Creative Commons from France1978
  • Home
  • Sellers
    • Seller Questionnaire
    • WhatsMyHomeWorth?
  • Market Reports
  • Buyers
    • Buyer Questionnaire
    • Search Listings
    • Featured Listings >
      • 14 Sartelle St
      • 8-8TuckFarmRd
    • Neighborhood Information >
      • West Boylston MA
      • Holden, MA
  • Blog
  • About