
How Owning a Home Grows Your Wealth with Time
- By Jim Lowenstern
- Posted




You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too.
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If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a key part of your decision on what you’ll buy next, it’s important to not lose sight of the reason you want to make a change in the first place.
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Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different methods used to compare home prices over different time periods: year-over-year (Y-O-Y) and month-over-month (M-O-M).
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Today’s mortgage rates are top-of-mind for many homebuyers right now.
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With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallupshows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds.
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During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.
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June is National Homeownership Month, and it’s a perfect time to think about all the benefits that come with owning your home.
Owning a home not only makes you feel proud and accomplished, but it’s also a big step toward having a secure and stable financial future.
Are you ready to enjoy all the amazing advantages that come with owning a home? Let’s get in touch to start the process today.
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Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.
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Comparing real estate metrics from one year to another can be challenging in a normal housing market.