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Posts from November 18th, 2022

Ruhl&Ruhl REALTORS

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November 18th, 2022 by

According to Selma Hepp, Economist at CoreLogic, "For many households, home equity is the only source of wealth creation. As a result, recent record gains in equity and record declines in loan-to-value ratios will provide many owners with a financial buffer in case economic conditions worsen. In addition, record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas." Note: the Quad Cities have recently ranked the 4th most affordable market in the country. The net worth of a homeowner is 40 times greater than that of a renter. So when you compare homeownership to renting, it's a huge differentiator for peoples' long-term wealth gain.

Additional benefits of homeownership:

  • Security and stability
  • Priv...

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Categories: Buying a Home

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