Not Yet A Homeowner? Why You Should Become One Sooner, Not Later

By
Real Estate Agent with Coldwell Banker Realty 179530

HOMEOWNERSHIP PAYS OFF!

If you're not yet a homeowner, here's why you should seriously consider becoming one sooner and not later despite the higher interest rates and increasing home prices. Since Quarter 1-1991, home prices have risen 297.7% nationally. In North and South Carolina they have risen over 300% in the past couple of decades. 

 

How much have home prices increased over the past two decades

 

Is it any wonder that housing represents the largest asset owned by most households and is a major means to accumulate wealth?

 

Is it any wonder that 74% of Americans list homeownership as the top cornerstone of financial success!

 

Is it any wonder that 75% of Americans say they would like to own a home one day?

 

If you purchased a $400,000 home last January, your wealth is currently forecasted to grow by more than $71,000 over the next five years. 

 

Home Price Appreciation For Homes 2023-2028

 

Is it any wonder that the  difference between the net worth of homeowners and renters is significant at every income level?

 

Homeowners build wealth across all income levels

 

Trying to decide if you should rent or buy a home? Consider these benefits that come with buying. 

 

REASONS TO BECOME A HOMEOWNER: VIDEO

 

So, if you haven't yet taken the first steps to becoming a homeowner, maybe you should think about doing so sooner and not later. The fall season is a great time to find a home you'll love for many years to come and to start building your wealth.

 

I've been helping Greater Charlotte area home buyers build their wealth through homeownership for 24+ years. I'd love to guide you through the home buying process and would love to earn your trust and business, exceed your expectations and to show you why experience matters and how:

"The Right Broker Makes All The Difference."

 

IF YOU'RE READY TO BECOME A HOME OWNER YOU CAN SEARCH FOR CHARLOTTE AREA HOMES HERE

 

Are You Ready For That New Home Feeling?

 Let’s connect to take the first steps on your homebuying journey.

 

Great Homes In Charlotte

 

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

 

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

 

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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 (27)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm good morning and thanks, Will, for stopping by today. Wishing you a lovely Sunday.

Sep 17, 2023 06:43 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 good morning, Sheila... the longer you wait the longer you put off building your wealth.

Sep 17, 2023 06:43 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I wonder how this trend will work going into the future. The interests rates, population movement, job growth. All the factors have certainly changed the landscape.

Sep 17, 2023 08:06 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Jeffrey DiMuria 321.223.6253 Waves Realty hi Jeff... I think that so long as we suffer from a housing shortage, which will continue, supply and demand will keep homes appreciating. Rates won't always stay this high either.

Sep 17, 2023 08:12 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Nina,

Interest rates may be high (but only in relation to what it has been in the past 4 years) but when you rent you are paying 100% interest 😂 Housing represents the largest asset owned by most households and is a major means to accumulate wealth and by continuing to rent you help your landlord to continue to accumulate wealth!

Sep 17, 2023 08:47 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Dorie Dillard Austin TX hi Dorie... I totally agree. It always amazes me how people don't get this idea that when you pay rent you are paying your landlord's mortgage.

Sep 17, 2023 09:22 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Nina, 

You make such an excellent case for home ownership.  I can't tell you how many of my clients have been priced right out of the Sedona market because they waited too long to buy. My home has increased around 540% since it was built in 1988.  It has almost tripled since I purchased it in 2003.   Every area is a little different but if a homeowner is looking to purchase in an established area that is an excellent neighborhood they need to do it now!

Sep 17, 2023 10:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sheri Sperry - MCNE® hi Sheri... I've had more than one client who decided to wait and has priced themselves out of the market as well. My home has also appreciate some 65% in the past 17 years. It always shocks me a bit to see that appreciation.

Sep 17, 2023 10:48 AM
Roy Kelley
Retired - Gaithersburg, MD

This is a good report to share.

Home ownership continues to provide the best pathway to family wealth.

Sep 17, 2023 11:22 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Nina- at some point people want to make the jump to home ownership. If not now, then when?  You show excellent why.

Sep 17, 2023 11:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Roy... yes it does and I just hope I made my case in this instance. 

Sep 17, 2023 11:59 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Kathy Streib hi Kathy... it's rare that anyone who waits ends up doing better than if they just jump in and buy a home.

Sep 17, 2023 12:00 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, those are some hefty numbers and know our areas have increased 40% over just the last couple of years.   Those fence-sitters should be paying attention!

Sep 17, 2023 12:31 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Joan Cox hi Joan... those numbers are truly eye-popping! Homeownership has been a primary way to accumulate wealth for families and I doubt that will change and time soon.

Sep 17, 2023 01:24 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina anyone looking to purchase a home would be wise to do it sooner than later, before home prices and interest rates go further up.

Sep 17, 2023 05:00 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

George Souto hi George... I don't see houses getting cheaper any time soon. And at the end of the day, it's impossible to time the market perfectly.

Sep 17, 2023 05:11 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you for logically showing us why homeownership is fundamentally a great idea for 90% of Americans 🙂

Sep 17, 2023 11:01 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®, CRS good morning, Paul. Thanks for popping by. Homeownership might not be for absolutely everyone, but it is for many people.

Sep 18, 2023 04:44 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Being a homeowner is far better than renting for so many reasons!  I am glad that I am a homeowner!

Sep 18, 2023 05:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Brian England good morning, Brian... I'm certain that most people who become homeowners are happy for having done so.

Sep 18, 2023 05:58 AM