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 Gallup shows the answer is yes. Real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below): Let this Continue Reading
Key Takeaway Owning a Home provides a sense of accomplishment, a sanctuary for family and friends to build memories, financial stability, and an investment vehicle to grow your assets and net worth. June is National Homeownership Month, and it’s a perfect time to consider all the benefits of owning your home. Homeownership makes you feel proud and accomplished, but it’s also a big step Continue Reading
Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. Home Prices As we get closer to the spring real estate market, experts Continue Reading
Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates. How Equity Has Grown in Recent Years Because of the imbalance between how many homes were for Continue Reading
The historically low inventory over the past few years led to challenges for many buyers trying to find a home that met their needs and their budget. If you’re in the same boat, you should know the recent shift in the housing market may have opened up doors for you to restart your search. The inventory of homes for sale has increased this year, giving buyers much-needed Continue Reading
Owning a home is a major financial milestone and an achievement to take pride in and a means to build your net worth. One major reason: the equity you build as a homeowner gives your net worth a big boost. And with high inflation right now, the link between owning your home and building your wealth is especially important. If you’re looking to increase your Continue Reading
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still rising. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? Greg McBride, Chief Financial Analyst Continue Reading
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