Is real estate the best investment? How does it compare with other economic trends? Shouldn’t I just invest in the stock market?
These are all questions you hear new home buyers ask when considering purchase of a property. There are of course social benefits to owning a home, but what about your long term financial stability? Three recent studies should put your nerves to rest.
RealtyTrac recently released a report comparing home price appreciation to wage growth over the last two years. The study revealed that home price appreciation has outpaced wage growth in 76% of U.S. housing markets during that time period.
And we all know the importance of home appreciation in determining the net wealth of most American families. Merrill Lynch just issued a report covering the issue. Their findings are shown here:
But does it make sense to buy now? The survey company Pulsenomics just issued their findings on the cost of owning versus the cost of renting. They compared historical averages to the cost you can expect to pay today.
DB Sotheby's International Realty
Most of this content is directly borrowed from the following blog: http://www.keepingcurrentmatters.com/2015/04/16/does-homeownership-make-sense-financially/.
Please use it for an additional Buyer and Seller resource.