Real Estate Blog - Buying A Home

Buying A Home

Over the past 30 years, the median price of existing homes has increased an average of more than 6 percent every year, and home values nearly double every 10 years, according to historical data from NAR's existing-home sales series. A Federal Reserve study has shown that the average homeowner's net worth is 46 times the net worth of the average renter. Despite this and other research, some potential home buyers are being kept on the sidelines as they react to national media reports about the housing market.
All real estate markets are local, and buyers and sellers who are thinking about making a move should consult with a Realtor® in their local market to learn about conditions specific to the area. It's also advisable to look beyond the immediate horizon - real estate has proven itself to be a good long-term investment and a safe, secure way to build long-term wealth.
On Average the value of a home nearly doubles every 10 years
60% of the Average Homeowner's wealth comes from their home's equity
Over the past 30 years, home values have risen more than 6% annually
Homeowner's benefit from the power of leverage.
Here is just one example: At an Annual Percentage Appreciation Rate of 5%, a 10% down payment on a home will return 94% after just 3 years. After 5 years, the rate of return increases to 225% and after 10 years, 623%.
Buy a Home Now, You can not win by waiting nor can you afford to. For more information please feel free to contact me.