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Investing in Homeownership
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The purchase of a home has historically been a very good investment, especially over the long term. Scroll to find out why.
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Long-Term Appreciation Trends
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From Jan 2000–Dec 2022, the average national house price appreciated approximately 197%
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According to the S&P CoreLogic Case-Shiller Home Price Index.
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*Appreciation rates vary widely between different markets and over different periods of time and the calculation depends on the exact period being measured.
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In the event of home appreciation, it can supercharge the return on your cash down payment and closing costs. This is because your home is worth more than your initial investment.
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Monthly mortgage payments gradually reduce your outstanding loan amount, building home equity. In simple terms, you're paying yourself, not a landlord.
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When it comes to building wealth, nothing beats homeownership!
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Dreaming of owning your first home but feel hesitant to begin? Reach out to me today to guide you step by step. Let’s turn your homeownership dreams into reality!
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For informational purposes only and not intended to be personal financial advice. Past performance is not a guarantee of future results. Data from sources deemed reliable, but may contain errors and subject to revision. All numbers should be considered approximate, and confirmed independently according to one’s specific circumstances. Sources: “Homeownership and Wealth Creation,” editorial in The New York Times, 2014; “The Rent vs. Buy Decision & Calculation,” Patrick Carlisle, Compass Chief Market Analyst, 2023
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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