Key takeaways: The average homeowner saw an increase of around $17,000 in equity over the last 12 months. In total, U.S. homeowners with mortgages have gained a total of $1 trillion in equity since the third quarter of 2019. Thanks to a 10.8% increase in equity over the last year, the average American household that […]
Tag Archives: building wealth
Why Now Is a Great Time to Buy a House
Key Takeaways: From a financial perspective, now is a great time to buy a house, especially as mortgage rates hover at an all-time low. Investing in real estate can increase your wealth even if the economy is in a recession. Do you still have questions about investing during a recession? We’d be happy to give […]
Why Homeownership Is Key to Building Wealth
Key Points: A primary home accounts for 90% of the total wealth of a family in the United States. Because real estate typically increases in value over time, owning a home is considered one of the soundest investments you can make. If you’re a first-time buyer, homeownership will always be a great opportunity to build […]