Not Yet A Homeowner? Why You Should Become One Sooner, Not Later
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
HOMEOWNERSHIP PAYS OFF!If you're not yet a homeowner, here's why you should seriously consider becoming one sooner and not later despite the higher interest rates and increasing home prices. Since Quarter 1-1991, home prices have risen 297.7% nationally. In North and South Carolina they have risen over 300% in the past couple of decades. Is it any wonder that housing represents the largest asset owned by most households and is a major means to accumulate wealth? Is it any wonder that 74% of Americans list homeownership as the top cornerstone of financial success! Is it any wonder that 75% of Americans say they would like to own a home one day? If you purchased a $400,000 home last January, your wealth is currently forecasted to grow by more than $71,000 over the next five years. Is ...
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