Homeownership Builds Wealth & Offers Stability

Posted by on





The most recent Housing Pulse Survey released by the National Association of Realtorsrevealed that the two major reasons Americans prefer owning their own home instead of renting are:
  1. They want the opportunity to build equity.
  2. They want a stable and safe environment.

Building Equity

John Taylor, CEO of the National Community Reinvestment Coalition, explains that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth:
“We traditionally have been huge supporters of homeownership. We see it as a way to provide stability for households but also as an asset-building strategy. If you continue to be a renter, locked out of the homeownership arena, increasingly those things are further and further out of reach. They’re joined at the hip. They perpetuate each other.” 

Family Stability

Does owning your home really create a more stable environment for your family?
A survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:
  • 68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
  • 53% of property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know.
We can see from these survey results that renting will provide anything but a stable environment in the near future. 

Bottom Line

Homeowners enjoy a more stable environment and at the same time are given the opportunity to build their family’s net worth.

Are You Thinking About Buying a Home? Click here to get your Free eguide. 

Thinking About Selling Your House Soon? Click here to get your Free eguide.

Click here to get your free House Value. 



photo
​
Juanita Simkins, CNE, CMRS, SRS
​​Managing Broker/Owner/​Realtor®
Advantage Realty & Investment Group​
1880 Office Club Pt, Colo Spgs, CO 80920
Cell/Text: 719-229-5770

​CLICK HERE to view all homes for sale in the Colorado Springs​ Area

Read my 5-Star Zillow Reviews:



Comments

Post a Comment