What is it and how does it work?
Your Equity Forecasting Tool gives you the ability to share an estimate of the home equity your buyer could gain over the next five years based on their home purchase price and projected rates of year-over-year price appreciation. This tool is dynamic and customizable! You’re able to change the home purchase price as well as the color of the generated graphic, which you can then download or share to Facebook, Twitter, LinkedIn, and Instagram.
The Equity Forecasting Tool is based on data from the Home Price Expectations Survey. This quarterly report surveys over 100 real estate economists, real estate experts, and investment and market strategists to provide average home price appreciation projections for the next five years. The Equity Forecasting Tool takes your buyer’s starting home price point and does the math for you to show how that home’s value is projected to grow based on this expert data. The result is a graph that shows the potential increase in equity each year as well as the total amount of equity the homeowner could gain over that five year span. It’s an impactful way to show your buyers why homeownership is such a powerful investment.