![Homeownership Wins Over Time [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2022/11/03124833/20221104_homeownership-wins-over-time-MEM-1046x2364.png)
Key Takeaways
- If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
- As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991.
- Depending on where you looked, the city’s sale prices during the third quarter of the year sank, soared, and everything in between. The pandemic boosted home prices to record highs in 2021, and for the most part, they’ve remained there, with rising interest rates putting home purchases even further out of reach for many buyers. <New York Times: “Where Are New York City Home Prices Changing the Most?>
- Homeownership wins in the long run. If you’re ready to buy a home, let’s connect today.
Other educational articles about the market and your home search are under Karen’s Blog.
