The most recentHousing Pulse Surveyreleased by theNational Association of Realtorsrevealed that the two major reasons Americans prefer owning their own home instead of renting are:
They want the opportunity to build equity.
They want a stable and safe environment.
In arecent article, John Taylor, CEO of theNational Community Reinvestment Coalition, explained that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth:
“We traditionally have been huge supporters of homeownership. We see it as a way to provide stability for households but also as an asset-building strategy. If you continue to be a renter, locked out of the homeownership arena, increasingly those things are further and further out of reach. They’re joined at the hip. They perpetuate each other.”
Does owning your home really create a more stable environment for your family?
Asurveyof property managers conducted byrent.comlast month disclosed two reasons tenants should feel less stable with their housing situation:
68%of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
53%of property managers said that they weremore likely to bring in a new tenantat a higher rate than negotiate and renew a lease with a current tenant they already know.
We can see from these survey results that renting will provide anything but a stable environment in the near future.
Homeowners enjoy a more stable environment and at the same time are given the opportunity to build their family’s net worth.
Author:Dawn Borkowski Phone: 864-313-4608 Dated: November 10th 2015 Views: 308 About Dawn: ...
With approximately 50 years combined experience, Guest Group brings a wealth of varied experience in both Residential and Commercial Real Estate.
We are loyal, ethical and very dedicated to our clients. We give exceptional service and continue to have our clients for life. We compliment each other and understand the Real Estate Industry and the Local Market.
We have strong negotiating skills and transaction servicing that will ensure you of a successful real estate experience.
We made it, y'all! It's November 1st, the first day of Thankfulness mo
"We couldn't be happier with the service(s) we received from the Lawton Team and our realtor associate, Dawn Borkowski, with our home search during our recent relocation to the Greenville area. Dawn has a deep knowledge of the areas we were interested in searching, listened to our wish list and found us the perfect home in a very short period. She guided us through the process with professional precision and managed a good part of the many details for us, as we were still living out of state. Her professionalism and friendship truly made our move, which could have been a challenge, an easy and enjoyable transition. We can't recommend her and the Lawton Team's services highly enough!"