Create Real Family Wealth

When you are ready to seriously look at home ownership, call, text or email.

Never too busy for your referrals

Finally a mention of a PROVEN way to increase family wealth

Homeownership Finally Makes Political Debate

This is not a political post!

Finally, the issue of homeownership has become a platform talking point in this year’s presidential debate. Yesterday, one of the candidates running for President spoke out about the importance of homeownership in America.

Hillary Clinton detailed a new economic agenda yesterday. In announcing her new agenda, she remarked:

“Homeownership is about more than just owning a home. It is about putting roots down in a community with better schools, safer streets and good jobs. And it is about building wealth, as homeowners build equity in their home one mortgage payment at a time…We must make sure that everyone has a fair shot at homeownership.”

This post isn’t political!

It doesn’t matter that it was Clinton who said it first. It doesn’t matter that she is a Democrat.

What matters is that EVERY candidate for our country’s highest office realizes the important role homeownership plays in the development of our nation.

The fact that homeownership was finally brought to the forefront of the debate is great news – no matter which way you lean politically.

Put Your Cost of Housing to Work for You

Homeowner’s Net Worth is 45x Greater Than a Renter’s

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction:

Put Your Housing Cost to Work For You

Simply put, homeownership is a form of ‘forced savings’. Every time you pay your mortgage you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 85% of consumers believe that purchasing a home is a good financial decision. Yun comments:

“Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth. The simplest math shouldn’t be overlooked.”

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let's schedule an appointment to guide you through the process.

Just call, text or email.

I'm never too busy for your referrals

Decisions Decisions

Every situation is different.
That's why I offer my services as a real estate expert.
Here are a couple of figures from the Federal Reserve which may help in your decision to rent or buy:

And it also makes a difference for your family

No home ownership is not for everyone. But before you decide whether or not it is right for you, let's sit down and take a look at your unique situation.

What the Federal Reserve found as the impact of home ownership on net worth

To see the impact they found just click the picture below. Then let me know what you think.

How You Can Take Control of Your Credit Score.

How You Can Take Control of Your Credit Score.

The answer to if Home Owners are better off than renters

With all the turmoil of the last few years - here is the actual impact ownership has over renting - courtesy of the Federal Reserve