Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.
How much have home prices increased?
One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home.
Homeownership has many financial and non-financial benefits. The accumulation of “housing wealth” through increased equity is a major one.
If you’re thinking of buying a home for the first time or moving up to your dream home, the sooner you make the move, the sooner your net worth will begin to grow 🏼!
Call us to get started today on home ownership. Lots of good programs right now for home buyers and LOW interest rates, 3-4%!
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Awni and Chantell Abbas
"AWNTEL"
Realtors specializing in Real Estate Investing
Sell • Buy • Invest • Multi-Units
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