How Rising Prices Will Help You Build Family Wealth in 2018

How Rising Prices Will Help You Build Family Wealth in 2018 | Simplifying The Market

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

How Rising Prices Will Help You Build Family Wealth in 2018 | Simplifying The Market

Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

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6363 W Muirfield Way Florence, AZ 85132

$494,990
3 Beds
2 Baths
2,010 SqFt
Status Active
MLS # 6659978
Property Type Single Family Residence
Price Type --
Up to 3% of Base Price or total purchase price, whichever is less, is available through preferred lender.'' Lifestyle is around every corner of this community. Enjoy all the amenities that you have come to expect in 55+ living. This home is a must see with an estimated completion date of March 2024.

15758 W Kendall Street Goodyear, AZ 85338

$494,990
5 Beds
3 Baths
2,233 SqFt
Status Active
MLS # 6689440
Property Type Single Family Residence
Price Type --
Below Market Financing Available!!!!!!!!! This single-level home showcases a spacious open floorplan shared between the Great Room, kitchen and dining area, with access to the covered patio for outdoor lounging and entertaining. The owner's suite enjoys a private location at the back of the home, complemented by an en-suite bathroom and walk-in closet. The four secondary bedrooms are comfortable and private retreats for household members and overnight guests. Photos are renderings of a model home, not the actual home.

3527 E Jasmine Way San Tan Valley, AZ 85143

$494,980
4 Beds
2.5 Baths
2,343 SqFt
Status Active
MLS # 6682075
Property Type Single Family Residence
Price Type --
Move-in Ready, view fence homesite with no neighbors behind and an excellent location, within walking distance to the pool! This 4-bedroom single-story layout features an open concept placed for entertaining your family and guests. The home boasts white cabinets, granite countertops and large tile throughout. Last chance to own at Bella Vista Farms; one of the largest master-planned communities in San Tan Valley with a pool, sport complex and many parks. Each home comes standard with features that go beyond helping you save on utility bills, they allow your whole family to live better and breathe easier too. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

422 E Huber Street Mesa, AZ 85203

$494,949
3 Beds
2 Baths
1,748 SqFt
Status Active
MLS # 6582614
Property Type Single Family Residence
Price Type --
SELLER OFFERING $5k in concessions!! This wonderful 3-bed & 2-bath property harmoniously blends comfort and charm. Offering a 2-car garage and a desert landscape. Discover an inviting layout showcasing a formal living room w/fireplace, a bright dining room adjacent to the kitchen, and a versatile family room w/French doors to the back. Plantation shutters, vaulted ceilings, designer paint, and a mix of tile & wood-look flooring enhance the home's relaxed ambiance. The kitchen boasts built-in appliances, granite counters, ample wood cabinets, a pantry, and a breakfast bar. Main bedroom is a private retreat with a full bathroom. Den has a double-door entry. You'll love the spacious backyard featuring an open patio, cozy deck, & a sparkling play pool & Spa for year-round enjoyment!

3702 W Mescal Street Phoenix, AZ 85029

$494,900 - 3Br/2Ba -  for Sale in Melrose Gardens Nw Unit 3, Phoenix
Open House
$494,900
3 Beds
2 Baths
1,630 SqFt
Status Active
MLS # 6663377
Property Type Single Family Residence
Price Type --
The perfect home in North Mountain Village awaits! Gorgeous remodel has it all, including ENERGY EFFICIENCY! The beautiful kitchen has quartz counters, lots of storage, breakfast bar, & coffee nook, & opens into the dining and sitting rooms. Across the breakfast bar is the cozy living room & stunning fireplace. Step out to the large covered patio, enjoy the hot tub under the stars, or dine poolside before taking a dip in the pebble finish pool. This backyard oasis has lemon, orange, & fig trees! Primary ensuite has gorgeous walk-in shower, dual vanities, & large closet. Guest bath has stunning claw foot soaking tub. Guest bedroom has fabulous Murphy bed; perfect for guests, office space, or more. Energy efficient & smart home: solar energy, & dual pane windows. Extra insulation, water softener, bluetooth pool cleaner, ceiling fans, and more. Close to State Farm Arena, freeways, shopping, light rail, and exciting Metro Center redevelopment!

14150 W Boca Raton Road Surprise, AZ 85379

$494,900
6 Beds
3 Baths
2,673 SqFt
Status Active
MLS # 6665776
Property Type Single Family Residence
Price Type --
Spacious home with 2 downstairs bedrooms and 4 upstairs bedrooms. This home has been a well kept up rental property for many years and owners want to retire. Needs new carpet or vinyl flooring and a little TLC. Seller may give a cash credit back to buyer at COE for new flooring. All offers will be reviewed. Seller may carry back loan short term with 35% down, competitive rate OAC. Currently tenant occupied until February 28 2024.

6847 W Morning Vista Drive Peoria, AZ 85383

$494,900
3 Beds
2 Baths
1,733 SqFt
Status Active
MLS # 6693958
Property Type Single Family Residence
Price Type --
Nestled in the foothills of Sonoran Mountain Ranch situated between Phoenix & N. Peoria, this open concept, well maintained home includes 3 large bedrooms, 2 full bathrooms & a double-door bonus room ideal for an office! The heart of the home is the great room, perfect for entertaining & relaxing. The gourmet kitchen boasts SS appliances, granite counters, breakfast bar, & an eat in dining area with a view of the backyard. Follow the hallway to enter the main bedroom complete with an ensuite bathroom that includes dual sinks, a separate tub/shower, & a walk-in closet.! Enjoy entertaining under a covered patio and the perks of a low maintenance desert landscaped yard. The community is abundant with winding trails, canals, neighborhood parks and exceptional amenities.

2030 E Michigan Avenue Phoenix, AZ 85022

$494,511
3 Beds
3.5 Baths
1,734 SqFt
Status Active
MLS # 6660938
Property Type Single Family Residence
Price Type --
MAY, 2024 MOVE-IN! NEW CONTEMPORARY URBAN STYLE COMMUNITY! Ask about Builder Incentives! POOL VIEW! 3 bedrooms, all ensuite, plus powder room. 2 car garage, 2 X6 Construction, Sheared Ext Walls (All plywood wrapped) Spray Foam insulation and insulated garage door for EXTREME ENERGY EFFICIECY! This home is loaded with standard features and appointments, beyond everyone else! Bedroom balcony's and first floor patio. 2 Greatroom Balcony's! Quartz kitchen countertops, stainless steel appliances, including refrigerator, Luxury Plank Vinyl floors, carpet. 5 minutes to Loop 101 and 51 Hwy, Mayo, Kierland, Scottsdale Quarter and Desert Ridge! * Community Pool, Fitness Center coming!

7917 W Melinda Lane Peoria, AZ 85382

$494,500
3 Beds
2 Baths
1,520 SqFt
Status Active
MLS # 6659422
Property Type Single Family Residence
Price Type --
Gorgeous POOL HOME in Fletcher Heights! Don't miss this renovated single story featuring 3 bedrooms plus flex space/2 bath home. Enter into the lovely family room that flows into the dining area and chef's kitchen with NEW stainless appliances, breakfast bar, painted cabs and walk in pantry! Stunning views of the sparkling pool with waterfall out of your slider. The Primary suite boasts walk in closet, two sinks and separate tub and shower. The flex space can be used as a home office/extra living space/anything! RV gate as well as 2 separate side yards! All new LVP, plush carpet, fixtures, etc! -Full interior paint -LVP -Baseboards -Light Fixtures -SS appliances -Carpet -SS sink -Plumbing fixtures -Paint cabs -Hardware -Resurface counters -Pool repairs/cleaning -Landscaping -Etc.

23367 W Florence Avenue Buckeye, AZ 85326

$494,061
5 Beds
3 Baths
2,753 SqFt
Status Active
MLS # 6618729
Property Type Single Family Residence
Price Type --
Brand New Home with Beautifull Kitchen, Large Kitchen Island! 5 Bedrooms, 3 Baths, & Study. Large family room separate from living room. Walk in shower in Primary, Covered Patio with slider door. Hurry this home will go quickly!! Home can close in Octoebr/November. This is a High Performance Home with smart technology, makes it so you can truly live in your element!!!!

2650 S Los Altos Drive Chandler, AZ 85286

$494,000
3 Beds
2.5 Baths
1,509 SqFt
Status Active
MLS # 6649175
Property Type Single Family Residence
Price Type --
Wow! This turnkey 2-level residence with a spacious front yard, RV gate, & a 2-car garage is now on the market! Vaulted ceilings, fresh palette, lovely light fixtures, tile flooring, bountiful natural light, & a generous-sized living room perfect for receiving guests await you. Impeccable eat-in kitchen showcases a plethora of beautiful wood cabinets, recessed lighting, mosaic tile backsplash, a breakfast bar, an island, ample counter space, & sliding glass doors to the back. Continue upstairs to find the oversized main retreat boasting gorgeous wood-look flooring and an immaculate ensuite w/dual sinks & a carpeted walk-in closet. You'll love hosting fun gatherings in the vast backyard w/a covered patio, pavers, & a matured shade tree! Get an up-close look today.

6288 Harvest Moon Avenue Prescott, AZ 86305

$494,000 - 2Br/2Ba -  for Sale in Antelope Crossings Phase 5, Prescott
Open House
$494,000
2 Beds
2 Baths
1,709 SqFt
Status Active
MLS # 6650884
Property Type Single Family Residence
Price Type --
Enjoy this delightful home in desirable Saddlewood Subdivision! Built in 2021, this move-in ready, 2 bedroom + OFFICE, Montana-Craftsman floorplan, offers modern elegance and alluring features that are perfect for comfortable living. Step inside this single-level home and you are greeted with natural light creating a warm and inviting atmosphere. The large kitchen is a dream with beautiful granite countertops, undermount sink, and nutmeg stained maple cabinetry. While the open layout seamlessly connects to the living area. Upgraded features include split view plantation shutters, center stack vertical shade on slider, floor outlet in living, re-circulating hot water, and Prestige security door and safety film on adjacent window. The nice sized primary bedroom includes dual sinks, glass shower, extra linen storage and large walk-in closet. This split floorplan offers a second bedroom and hall bath for your guests and efficient workable office space. Watch the sunsets in your private backyard oasis that has no homes behind and enjoy the covered paver patio & artificial turf. Located close to the future community amenities of The Headquarters at Deep Well Ranch featuring Play Area, Zip Line, Bocce Ball, Food Truck Ramada, Pickle Ball & Live Events. Furthermore, it is just a short drive to Embry Riddle OR downtown Prescott where you can explore a variety of dining, shopping, and entertainment. Don't miss out on the opportunity to make this beautiful home yours!

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