Equity

One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt. That’s a big part of the reason why even though mortgage

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The Big Difference Between Renter and Homeowner Net Worth

Equity, Infographics, Rent vs. Buy / realestateacworth_td1j70

Some Highlights If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership. Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s. Connect with an agent if you

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Why Buying Now Is Worth It

Buying Tips, Equity, For Buyers, Forecasts, Infographics / realestateacworth_td1j70

Some Highlights You may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise. Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could gain about $90k in equity in that time. So, you could

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The Benefits of Using Your Equity To Make a Bigger Down Payment

Affordability, Equity, For Buyers, Home Prices, Mortgage Rates / realestateacworth_td1j70

Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the median down payment has too.

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