Benefits of Homeownership - 03/22/10 10:11 AM
Benefits of Homeownership
by Carla L. Davis
www.RealtyTimes.com
www.MyNvaHomes.com
Homeownership can bring with it many blessings. Yet, the idea of caring for and maintaining a home, as well as affording a mortgage can seem daunting, but let's review some of the many reasons that homeownership can be beneficial.

The most obvious benefit is building wealth. The U.S. Department of Housing and Urban Development (HUD) notes that "home equity is the largest single source of household wealth for most Americans."
What is home equity? Home equity is the difference between the home's fair market value and the outstanding balance of all … (2 comments)

Housing Affected by Demographic Trends - 03/03/10 10:21 PM
Housing Affected by Demographic Trends
by Phoebe Chongchua
www.RealtyTimes.com
www.MyNvaHomes.com
The Urban Land Institute predicts there will be two major changes beginning in this new decade in our country that will affect the housing market.

The first is that home appreciation will slow. The report predicts annual appreciation of 1 percent to 2 percent. The second change is that the record-high U.S. homeownership rate will decline from 69 percent to 62 percent.
Four other demographic trends are likely to have an impact as well. Aging baby boomers, those 55 to 64 years old, will keep working, and, some may stay … (0 comments)