Housing is a strong, long-term investment
- Over the past 30 hears, home values have risen more than 6 percent nationally.
- On average, the value of a home nearly doubles every 10 y ears
- 60 percent of the average homeowner’s wealth comes from their home’s equity.
- The average homeowner’s net worth is $171,000 – that’s nearly 46 times that of a renter’s, who has an average net worth of $4,800.
- Homeowners benefit from the power of leverage. At an annual appreciate rate of 5 percent, a 10 percent down payment on a home will return 94 percent
after 3 years. After 5 years, the rate of return increases to 225 percent, and after 10 years, 623 percent.
- For further information, visit www.housingmarketfacts.com .
|
