Real Estate 411 for OCTOBER: Real Estate Builds Wealth!

Quick 411 FACTS

 

More millionaires are made through real estate than in any other industry!

FACT: 60% of homeowner’s wealth is from the equity they have built in their home.

FACT: The average homeowner’s net worth is 46 times the net worth of the average renter.

FACT: During the last three decades, home values have increased an average of more than 6.0% per year.

FACT: There have been more millionaires made through real estate than through any other wealth building medium anywhere in the world!

A wealth of housing data clearly demonstrates that housing is a good long-term investment. According to a study by the U.S. Department of Housing and Urban Development, 60 percent of a homeowner’s wealth is from the equity they have built in their home. A Federal Reserve study has shown that the average homeowner’s net worth is 46 times the net worth of the average renter.

You might be wondering if buying a home right now is a smart financial decision. The fact is, homeownership is key to building long-term wealth, no matter when someone buys. Studies show that, over time, most homeowners will steadily build equity. For example, during the past three decades, home values have increased an average of more than 6.0% per year*.

If you’re one of the five million people who list their home for sale this year, it has been shown that when it comes to selling a home, you’re better off using a real estate professional. Someone who can get the job done in half the time and can sell it for more than if you sold it on your own. That’s because CENTURY 21 Judge Fite Real Estate Associates are experts—they have extensive experience staging the home, marketing it, showing it and attracting qualified buyers to view it. They can explain options in your area that best fit your situation. Every market is different, contact a real estate professional before you embark on buying or selling real estate.

*NAR existing home sales historic series.