Owning Your Home Helps You Build Wealth
If you’re not sure whether to keep renting or to buy a home, know that owning a home, no matter how much money you make, can help build your wealth. Let’s connect now to get started on the path to homeownership.
Why Homeownership Wins in the Long Run
With higher mortgage rates and concerns about a potential recession, people are questioning whether to buy a home this year. However, it’s crucial to consider the long-term benefits of homeownership. Home values tend to grow over time, leading to wealth accumulation. A recent survey shows that 70% of respondents believe buying a home is a safe investment. Home price appreciation has been significant, with national averages of over 56% in five years and over 290% in 30 years. Despite talks of a housing crash, prices are rebounding, making homeownership a wise choice compared to renting.