Is Homeownership Still the American Dream?
Homeownership has been a symbol of the American Dream since the dawn of this great nation. Owning a home is a cherished aspiration of many Americans, representing stability, security, and financial well-being. As a nation, we take pride in our ability to achieve this dream. Owning a home is an investment of time, money, and resources. It is a decision that affects many aspects of our lives, from our daily routines to our long-term financial plans. But, in the current economic climate, is … [Read more...]
Home Values are Stabilizing: What that Means for Home Buyers and Sellers
The real estate market has been on a roller coaster ride in the past year. Prices skyrocketed during the pandemic as buyers searched for homes with more space and remote work capabilities. However, the situation quickly shifted and prices started to decline by last summer. But now, we have good news: home values are stabilizing and they are back on the rise. In this post, we'll look at what that means for home buyers and sellers. After reaching their peak last year, home prices have … [Read more...]
The Social Benefits of Homeownership: More than a Roof Over Your Head
Buying a home is one of the most significant milestones in life. Apart from the obvious advantage of owning a roof over your head, homeownership has so much more to offer. For instance, homeownership has proven to be beneficial in various aspects of life, such as health, community involvement, and financial literacy. In this blog, we will discuss the five most significant social benefits of homeownership. Civic Participation: Homeownership has a significant impact on community … [Read more...]
Why Buying or Selling a Home Helps the Economy and Your Community
If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community. The National Association of Realtors (NAR) releases a report every year to show how much economic activity is generated by home sales. The chart below illustrates that impact: As the visual shows, when a house is sold, it can make a big difference in the local economy. The impact comes largely from the workers required to build, update, and buy … [Read more...]
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