The Big Difference Between Renter and Homeowner Net Worth

If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.

If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter…
One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale.
Lately, it feels like a lot of people have been asking the same question: “Is the housing market about to crash?”
If you’re looking to break into homeownership but the price of single-family homes has you second-guessing, you might want to consider a condominium (condo) or townhome.
While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost…
Buying a home has powerful financial and non-financial benefits.