June is National Homeownership Month In honor of National Homeownership Month – celebrated every June – here are a few reasons why it’s better to own than rent. Equity & Appreciation. Every mortgage payment increases your ownership stake in the property—unlike rent, which goes to a landlord. Plus, over time, real estate typically appreciates in … Continue reading Why It’s Better to Own Than Rent
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Maximizing Long-Term Financial Gains through Homeownership
Choosing to become a homeowner is generally one of the biggest decisions of your life. It’s a financial and emotional decision that must be made based on your individual circumstances. If paying rent has you leaning toward the security of owning your home, here are a few reasons why buying a home can make financial … Continue reading Maximizing Long-Term Financial Gains through Homeownership
Four Ways You Can Use Your Home Equity
Selling home,Little house and money. If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to … Continue reading Four Ways You Can Use Your Home Equity
The Difference Between Today’s Shifting Market and the 2008 Housing Crisis
About 15 years ago, we experienced a housing crisis. Unfortunately, at that time, many Americans lost their homes and real estate investments. Although our current market is shifting, homeowners need not worry that history will repeat itself. The factors affecting today’s housing market are vastly different than they were in the mid to late 2000s. … Continue reading The Difference Between Today’s Shifting Market and the 2008 Housing Crisis
How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median … Continue reading How Long Do Most Families Stay in Their Home?