111,285 Reasons You Should Buy a Home This Year

Isaiah Angeles • October 12, 2021
The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.
According to the latest research from the National Association of Realtors (NAR):
“Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.”

An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down to future generations. The Federal Reserve in an addendum to their Survey of Consumer Finances explains:
“There are numerous ways families can transmit wealth and resources across generations. Families can directly transfer their wealth to the next generation in the form of a bequest. They can also provide the next generation with inter vivos transfers (gifts), for example, providing down payment support to enable a home purchase or a substantial wedding gift.”

The Federal Reserve also explains another way wealth (including the additional net worth generated by an increase in home equity) can benefit future generations:
“In addition to direct transfers or gifts, families can make investments in their children that indirectly increase their wealth. For example, families can invest in their children's educational success by paying for college or private schools, which can in turn increase their children's ability to accumulate wealth.”

Here’s a look at how equity can build your wealth over time when you own a home.
Equity over the Last 30 Years
The NAR research reveals that the average gain for homeowners over the last five years was $139,134 and over the last 10 years was $218,505. Looking even further back in time, the article says:
“Homeowners who purchased a typical single-family existing-home 30 years ago at the median sales price of $103,333 with a 10% down payment loan and who sold the property at the median sales price of $357,700 in 2021 Q2 accumulated housing wealth of $349,258.”

Homeownership builds household wealth which also enables households to more easily move to the home of their dreams. As Mark Fleming, the Chief Economist at First American, explains:
“As homeowners gain equity in their homes, they are more likely to consider using that equity to purchase a larger or more attractive home – the wealth effect of rising equity.”
If you missed out on the equity gains over the last 30 years, don’t fret. Experts are still calling for substantial growth in equity over the next five years.

Looking Forward at the Equity To Come
The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home values (and therefore equity) to increase as follows:
2021: 11.74%
2022: 5.82%
2023: 3.94%
2024: 3.56%
2025: 3.55%

The survey estimates a 31.8% cumulative appreciation over the next five years. Using their annual projections, the graph below shows the equity build-up a purchaser could earn, using a $350,000 home as an example:

A graph showing the potential growth in home equity over the next five years.

That’s a potential increase in household wealth of $111,285 over five years.

Owning a home is one of the best ways to grow your wealth over time. House wealth can impact generations. In many cases, the largest single investment a household has is their home. As that investment appreciates in value, the financial options also increase.

By Dan May December 12, 2025
Whether you’re a long-time Angeleno or planning your next move, the Westside continues to stand out as one of the most desirable regions in Los Angeles. Anchored by Beverlywood, Castle Heights, Cheviot Hills, and nearby pockets, this area offers a rare combination of convenience, community, and long-term value that today’s buyers are actively seeking. Here’s a closer look at why so many people are rediscovering these neighborhoods. ________________________________________ The Rise of “15-Minute LA” Living More than ever, homeowners want to spend less time in the car and more time actually enjoying where they live. That’s why the idea of a “15-minute neighborhood” has become so attractive — places where daily essentials are just a short drive or walk away. Westside neighborhoods like Beverlywood, Castle Heights, and Cheviot Hills deliver precisely that. What makes these areas so practical for everyday life: Fast access to major corridors like the 10 and 405 freeways, Robertson, Pico, and Venice Blvd. Proximity to job hubs in Culver City’s growing tech and media district, Century City, and West LA. Walkability to essentials, including cafés, markets, parks, and small businesses. Access to well-regarded schools, which remains a key driver for long-term demand and stability. What used to feel like quiet, tucked-away residential pockets now function as some of the most strategically located neighborhoods in the city. ________________________________________ Local Spots That Give the Westside Its Character The Westside isn’t just about convenience — it’s about the lifestyle that comes with it. Residents love the everyday places that help each neighborhood feel like a community, not just a collection of streets. A few favorites that locals talk about: Blueys Market & Café (Pico) – Known for its Australian-style breakfast, fresh pastries, and a relaxed, neighborhood vibe. Palm Grove Social (Carthay Square) – A community café that doubles as a workspace and social hub for remote professionals. Cheviot Hills Recreation Center – Tennis courts, ball fields, walking paths, and open green space make it a go-to spot for families and active lifestyles. Platform LA & Helms Bakery District (Culver City) – Design-forward shops, showrooms, and destination dining that bring a modern edge to the historic Westside. These aren’t just “nice extras” — they’re part of what keeps these communities in demand, even as other parts of the city fluctuate. ________________________________________ The New Westside Buyer Profile Today’s buyers are more intentional and value-driven than they were a few years ago. They’re evaluating neighborhoods not only on price, but on how well the area supports the way they want to live. Common priorities we see from today’s Westside buyers: Move-in ready homes with functional layouts and updated systems. Outdoor living potential, whether that means a yard, patio, or space for entertaining. Energy-efficient upgrades, from newer windows and insulation to solar and EV-ready garages. Proximity to schools, parks, transit, and services, especially for households that want to reduce commute and car time. Westside neighborhoods align well with these priorities, which is why demand has remained strong and competitive—particularly in Beverlywood, Castle Heights, and Cheviot Hills. ________________________________________ Long-Term Value and Market Stability Even when the broader Los Angeles market experiences ups and downs, the Westside has a history of holding its value. These neighborhoods benefit from: Consistently low inventory – There are only so many homes in these pockets, and people tend to stay for a long time. Steady appreciation over time, driven by location, schools, and lifestyle appeal. Deep community roots, with many residents invested in maintaining the character, safety, and livability of their blocks. Homes here are often purchased for the lifestyle — but kept for decades because of the balance they offer between convenience, comfort, and long-term equity. ________________________________________ Why Work with the Dan May Real Estate Team? Buying or selling on the Westside is about more than just price per square foot. It’s about understanding micro-neighborhoods, school boundaries, local traffic patterns, and where buyers are focusing their attention right now. The Dan May Real Estate Team brings: Hyper-local experience in Beverlywood, Castle Heights, Cheviot Hills, and surrounding areas. Strategic pricing and preparation tailored to what Westside buyers are looking for today. Hands-on guidance through every step of the process, from prepping your home to negotiating the best possible terms. ________________________________________ Thinking About Your Next Move on the Westside? Whether you’re considering selling in the next year or just curious about what your home might be worth in the current market, we’re here to help you make informed decisions. Let’s talk about timing, strategy, and what’s possible for you in Beverlywood, Castle Heights, Cheviot Hills, or anywhere on the Westside.
By Dan May December 2, 2025
Whether you're a longtime resident or considering making a move to the Westside, Beverlywood, Castle Heights, and their surrounding neighborhoods offer a vibrant mix of charm, convenience, and community. Here's a closer look at what makes these areas stand out. 🏡 Beverlywood: A Hidden Gem with Timeless Appeal Beverlywood is known for its quiet, tree-lined streets, traditional architecture, and strong sense of community. Local favorites include: • Circle Park: A private green space exclusive to residents — a unique perk that adds to the area’s charm. • Beverlywood Bakery: An institution for over 70 years, serving fresh pastries and Jewish deli classics. • Proximity to Pico-Robertson's vibrant shopping and dining gives Beverlywood walkable appeal, yet it retains a tucked-away feel. 🏙️ Castle Heights: Small-Town Feel with Big City Access Castle Heights blends old LA character with an affordable entry into the Westside market. Why locals love it: • Cheviot Hills Park & Recreation Center: Great for sports, playgrounds, and family events. • Castle Heights Elementary School: Highly regarded and a major draw for families. • Walkability to Metro's Expo Line offers easy commutes to Downtown LA or Santa Monica. 🌆 Nearby Neighborhood Highlights Cheviot Hills : Offers luxury homes, golf course views, and a peaceful vibe just minutes from the city. Crestview & La Cienega Heights: These up-and-coming pockets are gaining popularity for their central location, charming bungalows, and growing dining scene. Faircrest Heights & Reynier Village: Known for their architectural variety and strong community associations, they offer an appealing alternative to more high-profile areas. ________________________________________ Why the Dan May Real Estate Team? With deep roots in these communities, we don’t just sell homes — we help clients find their place in neighborhoods we know and love. Whether you're buying, selling, or just exploring, we’re here with insight, strategy, and local expertise. Thinking of making a move? Let’s talk about what’s possible in Beverlywood, Castle Heights, or anywhere on the Westside. Dan May Dan May Real Estate Team REALTOR®, Broker Associate Mobile: (310) 739-8647 dan@danmayrealestateteam.com LinkedIn - https://www.linkedin.com/in/dan-may-a161a55/ Instagram - https://www.instagram.com/danmayrealestateteam/ Facebook - https://www.facebook.com/DanMayRealEstate
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