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Home Prices: The Difference 5 Years Makes

Home Prices: The Difference 5 Years Makes

Over the course of five years, the value of your home can really rise a great deal. For the people that bought homes about a decade ago, they can attest to this. That is a large reason as to why people love the idea of real estate. It is a bit less volatile than the other markets that are out there. In five years, due to various factors, there are a ton of things that can make a house more valuable.

Key Takeaways:

  • It is absolutely incredible that the prices of properties can rise so consistently over time.
  • Many people prefer to be in the real estate market because it is far less volatile than other markets.
  • No matter who you are, you can achieve this success by having a house in a good, promising area.

“Data from the most recent HPES shows that home prices are expected to increase by 20.0% over the next 5 years. The bulls of the group predict home prices to rise by 31.2%, while the more cautious bears predict an appreciation of 9.3%.”

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