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Your number on goal, when putting your home on the market, is to sell your listing. Why skimp on the photographer? A picture is worth a thousand words—or in the case of real estate, it might be worth a few hundred-thousand dollars, depending on the sale price of a home. First impressions matter, and since […]
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If […]
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. Ever wonder how long most people stay in their home? As the graph below shows, for over twenty years (1985-2008), the median tenure averaged […]
The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study regarding homeownership confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis […]
You’re aware that owning your home has great financial benefits but do you know the real cost of not owning your home? Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has […]