Does Homeownership Make Sense Finacially

Dated: 04/17/2015

Views: 224

Does Homeownership Make Financial Sense? | Keeping Current Matters

Everyone knows the social advantages of home ownership. However, some question the financial benefits of owning a home. Three recent studies shed some light on the issue.

RealtyTrac recently released a report comparing home price appreciation to wage growth over the last two years. The study revealed that home price appreciation has outpaced wage growth in 76% of U.S. housing markets during that time period. By how much? Here is a graph showing their findings:

Home Prices vs. Wages | Keeping Current Matters

And we all know the importance of home appreciation in determining the net wealth of most American families. Merrill Lynch just issued a report covering the issue. Their findings are shown here:

Average Home Equity | Keeping Current Matters

It obviously makes financial sense to be a homeowner.

But, does it make sense to buy now?

The survey company Pulsenomics just issued their findings on the cost of owning versus the cost of renting. They compared historical averages to the cost you can expect to pay today.

Buying vs. Renting | Keeping Current Matters

The cost of buying is far below historical averages. Renting is another story.

Later today, we will be hosting a webinar entitled 4 Secrets to Getting Buyers & Sellers Off the Fence which will go into more depth about the opportunity available to buyers, along with ways to help potential sellers realize that now is the time to list their home.

You can reserve your seat here.

Want to Advertise on this Site?

Latest Blog Posts

Smart Technology Or Home Automation Whats The Difference

Smart Technology or Home Automation: What’s the Difference? Is it worth it to add smart appliances or automated features if you’re selling a home? Just how much connectivity do buyers want? And

Read More

What You Need To Know About Your Home Appraisal And Your Mortgage

When buying a home, there are certain steps a buyer should go through before the home sale is official. First the buyer makes the offer, then the offer is accepted.Next the buyer schedules the

Read More

Green Technology To Reduce Your Homes Carbon Footprint

When you are a homeowner looking to reduce your carbon footprint, there are a number of steps you can take to make your home earth-friendly. From passive solar heating to solar panels, you can

Read More

Thinking About Buying A FixerUpper Know These Top Resources To Make The Most Profit

If your financial situation is limited, yet you’re handy with a hammer and nails, then purchasing a fixer-upper home can be an attractive option. Fixer-uppers typically require a bevy of updates

Read More