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ICYMI: The Dramatic Impact of Homeownership on Net Worth If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares net worth for homeowners and renters. The latest report shows the average homeowner’s net worth is almost 40X greater than a renter’s. One reason a wealth gap exists between renters and homeowners is because when you’re a homeowner, your equity grows as your home appreciates in value and you make your mortgage payment each month. The Largest Part of Most Homeowner Net Worth Is Their Equity Home equity does more to build the average household’s wealth than anything else. According to data from First American and the Federal Reserve, this holds true across different income levels. Based on this data, it's clear no matter what your income l

#ForBuyers #Infographics #Pricing #HousingMarketUpdates #BuyingMyths Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]: If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028. http://dlvr.it/T1Hf3t /> http://dlvr.it/T1HfvB

ICYMI: #ForBuyers #FirstTimeHomeBuyers #BuyingMyths #RentvsBuy The Dramatic Impact of Homeownership on Net Worth: If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision. http://dlvr.it/T1F99r /> http://dlvr.it/T1HffK

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Our Federal Reserve doesn’t control events around the world, like a ship being stuck in the Suez Canal, or the current Red Sea geopolitical aggression, or China raising chip prices, or OPEC raising gasoline prices, or… or… or. So, consumer and producer prices are always a bit of a wild card. Since they influence the Federal Reserve’s actions, and therefore, in turn, mortgage rates, inflation has certainly been in the news for some years now. (There’s even a joke about inflation at the bottom.) The Consumer Price Index (CPI) is designed to broadly capture changes in the prices of goods and services purchased by U.S. consumers. The largest component is housing, with a weight of 45 percent. Next is transportation at 17 percent, then food and beverages at 14 percent, medical care at 8 percent, education and communication are 6 percent, recreation is 5 percent, other goods and services 3 percent, and then apparel at 2.6 percent. (Today’s podcast can be found here, and this week’s is sponsor

The Dramatic Impact of Homeownership on Net Worth If you're trying to decide whether to rent or buy a home this year, here's a powerful insight that could give you the clarity and confidence you need to make your decision. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares net worth for homeowners and renters. The latest report shows the average homeowner’s net worth is almost 40X greater than a renter’s. One reason a wealth gap exists between renters and homeowners is because when you’re a homeowner, your equity grows as your home appreciates in value and you make your mortgage payment each month. The Largest Part of Most Homeowner Net Worth Is Their Equity Home equity does more to build the average household’s wealth than anything else. According to data from First American and the Federal Reserve, this holds true across different income levels. Based on this data, it's clear no matter what your income level is

ICYMI: #ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers #BuyingMyths Avoid These Common Mistakes After Applying for a Mortgage: If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. http://dlvr.it/T1Bf4T /> http://dlvr.it/T1F9t9