Blog Stories 82,338 Great Reasons to Buy a Home Today

82,338 Great Reasons to Buy a Home Today

By Chad Brackett, May 2, 2021

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

Most experts are calling for home prices to continue appreciating over the next several 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 appreciation to increase as follows:

  • 2021: 6%
  • 2022: 4.5%
  • 2023: 4%
  • 2024: 3.6%
  • 2025: 3.5%

Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:82,338 Great Reasons to Buy a Home Today | MyKCMA homeowner could increase their net worth by over $80,000 in five years. That’s an average of $16,000 annually. That number should be in any equation determining the financial benefits of owning a home compared to renting.

Bottom Line

Homeowners are going to make a substantial amount of money in home equity over the next five years. If you’re ready to buy a home, let’s connect so you can enjoy this great benefit as well.

Chad Brackett

Principal Broker | ADU Specialist | OR & WA

He/Him

Movin' and shakin'... Do you need to buy?  Do you need to sell?  Is moving in your future?  Then let’s talk.  Chad is a Principal Broker, licensed in both Oregon and Washington.  Chad's career has afforded him the opportunity to live in 13 different states across the United States while buying and selling more than 15 homes and investment properties including most recently in the Piedmont neighborhood in Portland.  Originally from a suburb of the Atlanta, Georgia, Chad moved to Portland in 2017 after spending two years in the Bay Area where he started his real estate career.  Chad is a Northwestern at heart.  “I love everything about Portland.  The people, the topography and climate, it is the best place I have live.  From the mountains to the coast, there is just so much for my family to do.”  Chad understands first-hand the challenges with not only buying and selling homes but also understands how to help anyone navigate the moving process.  His previous experiences will be an invaluable resource to you throughout your real estate transaction.  Chad is committed to quality, integrity, professionalism and excellent service when you enlist his services. Prior to beginning his real estate career, Chad had a successful 30-year retail career in sales and operational support for divisions of large organizations like L'Oreal and Limited Brands amongst others. Chad is extremely detail oriented and will utilize his strategic planning, analysis and innovative approach to ensure that you are completely informed throughout the real estate transaction and achieve your desired goals.  He has provided support, training and leadership to thousands of employees and has been a key contributor for hundreds of millions in annual sales volume. If a commitment to service and being the #1 priority is important to you, then contact Chad.
Read More
  • T: 503-389-0685
  • F: 503-961-8224
  • chadbrackett@livingroomre.com

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