Finances and Real Estate

Real estate, home-ownership, and financial health are very connected. When the real estate market is successful, it benefits the overall economy. In the same way, when people own homes it can bring several financial benefits.

Overall Financial Benefits

Some examples of financial benefits brought on by home-ownership include:

• A greater opportunity to save for retirement
• A built-in investment plan
• Having a wealth builder
• Greater individual net worth

The Liberty Street Economics blog put it this way,

“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”

Homeownership vs. Stocks

The stocks are another common investment that many people choose. However, 93% of Americans believe that owning a home is either “definitely” or “probably” a better investment than the stocks. Below is a graph of common responses from Keeping Current Matters that depicts reasons for their belief.

If you’re ready to take the next step and begin the home search process, our team is ready to assist you in any way possible. We’re excited for you to begin the journey to financial strength. Click here to get started!