As the spring homebuying season kicks off, the real estate market is showing impressive growth, with home equity reaching historic highs. The median existing-home price hit $398,400 in February, a new record, and home prices have risen by 47% nationwide over the last five years. Sellers can capitalize on this appreciation, while buyers have a unique opportunity to build wealth faster. According to NAR Chief Economist Lawrence Yun, home prices are expected to rise by 3% in 2025 and 4% in 2026 due to persistent housing shortages, making real estate a stable long-term investment compared to fluctuating stock markets. Homeownership is increasingly crucial for building wealth, with homeowners' median net worth projected to be $430,000 by 2025, compared to just $10,000 for renters. With improving inventory and job growth, the market is poised for a significant rebound, with home sales expected to rise by 6% in 2025 and 11% in 2026.
Using home equity to motivate sellers and buyers. May homeowner’s stand to make huge profits if they sell and 🔗renters need to start building long term wealth through housing. [NAR]
