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Do Rising Home Prices In The Charlotte Region Impact Your Net Worth?

By
Real Estate Agent with Coldwell Banker Realty 179530

 

Do Rising Home Prices Impact Your Net Worth In The Charlotte Region (Or Anywhere Else, For That Matter)?

 

There’s been a lot of buzz lately about homes are selling for record prices and it’s got everyone talking and many asking if they should sell their homes now.

 

A good portion of every family’s wealth comes from the equity in the home they live in. As the value of their home (an asset) increases so does their equity. That's one reason why the net worth of homeowners is 40X that of renters.

 

Homeowners have 40X the net worth of renters

 

Today, we’re seeing home values appreciating at a rapid pace due to a lack of inventory and pent-up demand, giving an unexpected financial boost to many homeowners.

 

What if you don’t have any immediate plans to buy or sell a home? Should rising home prices still matter to you?

We've addressed that very question in our latest blog post, along with:

  1. How do I calculate my net worth?
  2. Do home prices impact my net worth?
  3. How can real estate help me build wealth?

You can find the answers here: Rising Home Prices And Your Net Worth.

 

 

If you’re ready to find out your net worth, contact me and we’ll send you an easy-to-use Net Worth Worksheet

 

We can also provide a free assessment of your home’s current value—so you can get an accurate calculation. Just call or text me at 704-779-0813 to get started!

 

What's my Charlotte region home worth?

 

Not Yet A Homeowner? Reasons To Own & Not Rent.

It's never been more important to gain a foothold in the real estate market to keep pace with rising prices and to lock in your housing costs at historically low interest rates for years to come. Find out more here.

 

Reasons to own a home and not rent

Free Home Buyer Guide: "Things To Consider When Buying A Home"

 

HOMEOWNERS HAVE TREMEDOUS EQUITY TODAY: VIDEO

 

  

 

FREE Home Seller Guide: “Things To Consider When Selling Your House”

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE

 

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE 

 

 

  Nina Hollander and Carolinas Realty Partners with Coldwell Banker Realty are your Charlotte metro area residential real estate experts serving greater Charlotte region home buyers and sellers for 20+ years.

 

If you're considering selling or purchasing a home in the Greater Charlotte region, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

   

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

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Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (22)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Nina - when buzz-worthy chatter enters any conversation, it is good to have an informed local professional available to answer questions.  For Charlotte area real estate, you know the lay of the land to help people understand any possible impact for them.  

Jun 18, 2021 06:12 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

this is such a nice presentation and so well tied together - thanks for putting it out there

Jun 18, 2021 06:24 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

What a super informative post Nina Hollander, Broker . I did not know that a homeowners net worth is more than 40X that of a renter.

Jun 18, 2021 06:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Michael Jacobs good morning, Michael... I try to keep my ear close to the ground... to catch all that buzz! :)

Jun 18, 2021 06:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lise Howe hi Lise... great to "see" you... it's been a while! Trust you are doing well. And thanks for that nice comment about my post. Glad you liked it.

Jun 18, 2021 06:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Bob "RealMan" Timm thank you, Bob! I so appreciate your saying that... and you learned something new today! That 40x is an increase from some six or seven years ago when it was aroudn 36x.

Jun 18, 2021 06:37 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

It is definitely one the subjects of conversation that abound among people.  Nice post and infographics.  A

Jun 18, 2021 06:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra... this is one of those posts that's both "current" and more than a little "evergreen."

Jun 18, 2021 06:47 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina! For sure your net worth is getting a nice boost from your home's appreciation.

Jun 18, 2021 06:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky... I'm just hoping that too many people haven't cashed in on that equity with higher mortgages the way so many did just prior to the Great Recession. When the recession hit they were under water.

Jun 18, 2021 07:03 AM
Debb Janes
Nature As Neighbors - Camas, WA
Put My Love of Nature At Work for You

It has been interesting to see the increase in values over the past couple of years. Pretty impressive.  Hope you're looking forward to a wonderful weekend, Nina. D

Jun 18, 2021 07:33 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Yes Nina, Home values are increasing at lightning speed. Rent...Nah, buy a home and gain the equity!

Jun 18, 2021 08:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debb Janes EcoBroker and Bernie Stea JD hi Debb... a lot of people are sitting on some significant equity right now... let's just hope they don't squander it the way I saw people do back in 2007 before the Great Recession hit them. Happy weekend to you.

Jun 18, 2021 08:24 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 hi Sheila... of course, the issue is finding a home to buy these days! Although finding a rental isn't all that much different.

Jun 18, 2021 08:25 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- I'll bet there are many homeowners who have asked themselves this very question!!!!

Jun 18, 2021 11:25 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... although I do keep reminding people that it's only paper profits until they actually do sell!

Jun 18, 2021 11:45 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina it is nice to see the value of our homes go up and increase our net worth, unless we need to buy a new home in its place, then our net worth could take a little bit of a hit.

Jun 18, 2021 01:03 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto hi George... no doubt about it... buyers are paying a premium for a home right now.

Jun 18, 2021 01:33 PM
James Dray
Fathom Realty - Bentonville, AR

Morning Nina.

Good to know about the 40X worth of owners vs renters.  I'm going to use that at our next meeting Monday morning.

Jun 19, 2021 12:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

James Dray good morning, James... and when you do don't forget to tell them that is some 6X higher than it was in 2014!

Jun 19, 2021 04:42 AM