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Home appreciation is the increase in value of a property over time. Since 2012 the average rate has been 7.7% year over year (Credit Karma). That means, if you purchase a home for $200,000, you can expect to sell it for $215,400 in 1 year, and $249,484 in 3 years. Of course, appreciation rates vary based on economic conditions, location, and other factors. But generally, the longer you hold a property, the greater it will appreciate.

According to the Pew Research Center, approximately 7% of US residents own rental properties. This small percentage is likely due to the high capital required to get started. Here at MoveUp, we make it possible to get the funds you need by working with family and friends.

According to Insider Business, experts expect mortgage rates to drop to 6% by the end of 2024.

Will mortgage rates go down in 2024? Will mortgage rates go down in 2024? Rates are generally expected to drop next year, but when they'll drop and by how much largely depends on inflation.

Nashville, Tennessee is another hot market for property investors this year. Known for it's culinary scene, legendary entertainment, educational institutions, and professional sports teams, the Music City also boasts one of the strongest job markets and offers an affordable cost of living. Last month, the median sold price for a 3BR was around $500k, according to Rocket Homes.