Equity in Homes is a Powerful Thing

A picture is worth a thousand words. Well that goes for the value-over-time of your home! The graphic above speaks volumes to the concept of home equity growth. Demand feeds that value and in a time when most people’s mortgage rates have been low (3% on average). Why sell when you can stay in your home longer, save money all the while watching your home’s value rise.

The amount of wealth that has been built yet unrealized is staggering even in an economy close to recession. Timing is everything and time has definitely been in our favor. Consider that mortgage rates are expected to fall from the Federal Reserve impacted range of 7.0% down to the more reasonable 5.0% by 2024 planning on using that equity becomes a better bet. Maybe to get more debt free or even fund that new home renovation project equity is a great way to leverage the amazing asset, your Home.