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Great info for your buyers and sellers! Everyone can buy more home or pay less for the home they buy. The 3.24% interest rate builds equity faster and with the 5% average annual appreciation, the average price yields $22,266 in annual equity. That increases every year as more goes to principal in the amortization and the appreciation at 5% increases every year because it compounds on the increased value year over year.
By Ruthie RocksGreat info for your buyers and sellers! Everyone can buy more home or pay less for the home they buy. The 3.24% interest rate builds equity faster and with the 5% average annual appreciation, the average price yields $22,266 in annual equity. That increases every year as more goes to principal in the amortization and the appreciation at 5% increases every year because it compounds on the increased value year over year.