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Homeownership Builds Wealth & Offers Stability

Tuesday, July 12, 2016   /   by Vanessa Saunders

Homeownership Builds Wealth & Offers Stability

Homeownership Builds Wealth & Offers Stability | Keeping Current Matters


The most recent Housing Pulse Survey released by the National Association of Realtorsrevealed that the two major reasons Americans prefer owning their own home instead of renting are:



  1. They want the opportunity to build equity.

  2. They want a stable and safe environment.


Building Equity


John Taylor, CEO of the National Community Reinvestment Coalitionexplains 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.” 



Family Stability


Does owning your home really create a more stable environment for your family?


survey of property managers conducted by rent.com 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 were more likely to bring in a new tenant at 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. 


Bottom Line


Homeowners enjoy a more stable environment and at the same time are given the opportunity to build their family’s net worth.

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258

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The data relating to real estate for sale or lease on this web site comes in part from MHMLS. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. ©2020 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate on this website comes, in part, through the IDX of the Multiple Listing Service of Ulster County, Inc. Real estate listings held by brokerage firms other than Vanessa Saunders - Global Property Systems are marked with the IDX logo and detailed information about them includes the name of the listing broker.