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Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% 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 in January. If we look at only the projected increase in the price of that home, how much...
![Americans Are on The Move [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2016/12/08101344/MovingAcrossAmerica2016-STM-1046x1354.jpg)
As the temperature in many areas of the country starts to cool down, you might think that the housing market will do the same. This couldn't be further from the truth! Here are 4 reasons you should consider buying your dream home this winter instead of waiting for spring!
CoreLogic's latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.
The bottom in hom...
![New Home Sales Race to Keep Up with Demand [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2016/12/01131803/New-Construction-STM-1046x1641.jpg)
According to a recent report by Trulia, "buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%." That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?
In the report, Ralph McLaughlin, Trulia's Chief Economist explains:
