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Does Homeownership Make Sense Financially?

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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.

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Have You Set Up Personalized Posts Yet? | Keeping Current Matters

About The KCM Crew

We at The KCM Crew believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!
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