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.
An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down to future generations. National Association of Realtors 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. Homeownership builds household wealth which also enables households to more easily move to the home of their dreams. 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. The most recent Home Price Expectation Survey, a survey of over one hundred... #firsttimehomebuyer #opportunity #housingmarket Welcome HŌM