“Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”
With spring approaching, now’s a great time to consider if buying a home makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.
You may be surprised to learn just how much of a homeowner’s net worth actually comes from owning their home. The National Association of Realtors (NAR) shares:
“Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families. Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage.”
In other words, home equity does more to build the average household’s wealth than anything else. And according to data from First American, this holds true across different income levels (see graph below):
One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Let’s connect today so you can start investing in homeownership.
Stay up to date on the latest real estate trends.
Let’s connect to determine if selling your house now is the right move for you
Owning a home still claims the #1 spot for many Americans today
Most economists no longer expect a recession to occur in the next 12 months.
The data shows there isn’t cause for concern – there are actually more signs of hope
Institutional investors are actually the smallest percentage of owners of Single-Family Rentals
Homeownership isn’t just a financial decision
More sustainable price growth than we’ve seen in recent years.
Data shows there are still significantly fewer homes for sale than there would be in a more normal market.
Here are four reasons you shouldn’t wait to sell your house.
You’ve got questions and we can’t wait to answer them.