Home ownership has long been associated with individual wealth. In fact, there are few endeavors an individual can undertake that have as drastic an impact on your net worth as owning real estate. In this blog post, Brandon Turner of BiggerPockets.com lists four ways real estate can help you create some serious net worth.
Warren Buffett is Selling His Home
Warren Buffet, the second wealthiest person in the United States is selling his Laguna Beach home
The Difference an hour makes in the United States Housing Market
Perhaps you already know an extra hour of sleep can make a huge difference. In the same way, an hour in the housing market makes a difference. Each hour in the United States will register sales of approximately 624 homes, 118 homes will regain positive equity, and the value of median homes will go up by $1.84. For a home seller/owner, this is clearly good news that each hour your property will regain positive equity. For home buyers, this means that the more you delay, the more the payment for your home. Since 2007, 2015 was the best year in the housing market, and the projections here are that 2016 will be even better. With the US economic growth chugging along, the rate of employment will keep increasing. That means that home buyers will have more funds coming in, and they will have the power to upgrade to a new …
Worried About Financing? Perhaps These Tips Can Help
There’s something special about having a home to call your own… From the time you begin your hunt to the moment you put keys into the door of your new home, there’s a range of experiences and emotions, which is completely normal. But it’s not always positive – especially when anticipation causes anxiety that prevents us from taking the first steps. To be clear, anxiety can be part of the normal spectrum. Purchasing a home can be a scary experience. Especially for those who haven’t gone through the process before. When we buy a house for the first time, there is a lot of new. New paperwork, new regulations, new bills, etc. That alone can be overwhelming. But it’s also incredibly rewarding. Unfortunately, many renters don’t make it that far… According to this survey conducted by the National Association of Realtors in the fourth quarter of 2015, 53% of renters …