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Renting vs. Buying: The Net Worth Gap
Are you trying to decide between renting or buying a home? One key factor that could help you choose is how much homeownership can grow your net worth. Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). It shows how much wealth homeowners and renters have – the difference is significant. On…
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The Perks of Buying over Renting
Thinking about buying a home? While today’s mortgage rates might seem intimidating, here are two solid reasons why it could still be a smart move to get your place if you’re ready and able. 1. Home Values Typically Go Up Over Time Over the past year or so, there’s been some confusion about how home prices are headed. Make…
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The Love of Homeownership
Chances are, at some point in your life, you’ve heard the phrase, home is where the heart is. There’s a reason that’s said so often. Becoming a homeowner is emotional. So, if you’re trying to decide if you want to keep renting or are ready to buy a home this year, it’s so easy to fall in love with homeownership. Customizing…
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Homeownership’s Profound Impact 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 decide. Every three years, the Federal Reserve releases the Survey of Consumer Finances (SCF), which compares the net worth of homeowners and renters. The latest report shows the average homeowner’s net worth is…
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Homeownership Side Hustle Tips
Does the rising cost of almost everything these days make your dream of owning your home feel less within reach? According to Bankrate, many people seek additional income through side hustles, possibly to cope with those increasing expenses and save for a home. This trend is particularly popular with younger individuals who may be dealing with student loan…
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Grateful Homeowners: The Joy of Ownership
Countless people have set out on the exciting journey of homeownership. Ask around, and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner. So, if you’re trying to decide if you want to rent…