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Rising Prices Help You Build Your Family’s Wealth

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% 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 purchased and closed on a $250,000 home this 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?

Rising Prices Help You Build Your Family’s Wealth | MyKCM

Since the experts predict that home prices will increase by 5.0% in 2018, the young homeowners will have gained $12,500 in equity in just one year.

Over a five-year period, their equity will increase by over $48,000! 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!

Get the info that you want - right now!

Why Home Prices Are Increasing

If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

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What Is Private Mortgage Insurance (PMI)?

The larger the down payment you can make, the lower your monthly housing cost will be.

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5 Ways Tax Reform Has Impacted the 2018 Housing Market

The doomsday scenarios that some predicted based on tax reform fears seem to have already blown over based on the early housing industry numbers being reported.

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About Area

Hayesville, North Carolina is a small city in the extreme southwestern mountains of North Carolina. The city itself consists of about half a square mile of land, all of it being land. Just to the north of Hayesville, the Hiawassee River flows westward into the Rocky Mountains and Tennessee. Downtown Hayesville consists of the original historic courthouse and jail, which have been converted into a museum. There are also many unique shops and restaurants, and the idyllic little town square plays hostto many different concerts, festivals, and fun events throughout the year. Some of the most popular attractions in Hayesville consist of outdoor activities, as the Good Lord saw fit to make this area of the world a beautiful and wonderful outdoor playground. Hiking and biking trails abound, as well as tubingand fishing on the river and Fires Creek. Heritage of the mountain people as well as the Cherokee people before them is celebrated and memorialized in a couple different sites. And agritourism is a popular attraction offered by many of the local farms. The landscape here is absolutely picture perfect. Tall blue mountains rise up in the distance on all sides, while much of Hayesville is level to hilly farm and pasture land. It is truly a beautiful site for a home or just to sit back and relax in perfect peace. Many people who come to this area to visit are here to unwind and escape the daily grind. If, however, you would like to make this paradise a more permanent escape, contact Best Mountain Deals today. The people of Hayesville are always ready to welcome a new neighbor, and our team of agents most definitely have the best listings currently offered.

Featured Properties

172 MAPLE TREE LANE,
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1729 COMPASS MEADOWS ROAD,
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2480 EAGLE FORK ROAD,
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