Why Investing in a Home is Key to Building Wealth and Financial Stability

Dated: April 27 2023

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Why Investing in a Home is Key to Building Wealth and Financial Stability

Investing in a home is a smart financial decision that can help you build wealth and gain financial stability over time. According to Freddie Mac,

"Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability."

With the spring season around the corner, it's the perfect time to consider if buying a home is the right move for you. Speaking to a trusted real estate professional can help you make an informed decision.

Owning a home is one of the biggest contributors to a homeowner's net worth. The National Association of Realtors (NAR) states that

"Homeownership is the largest source of wealth among families, with the median value of a primary residence worth about ten times the median value of financial assets held by families. Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage."

This means that investing in a home can be a significant way to accumulate wealth and gain financial stability over the long term.  And according to data from First American, this holds true across different income levels (see graph below):

Housing Piece of Net worth is Crucial

In conclusion, investing in a home is a wise financial decision that can have long-lasting benefits. It can help you build equity and gain financial stability over time, making it a critical part of your financial portfolio. If you're considering buying a home, reach out to a trusted real estate professional to help you make an informed decision about the best move for you and your financial future.

Bottom Line

One of the biggest benefits of owning a home, regardless of your income level, is that it provides financial stability and an avenue to build wealth. Let’s connect today so you can start investing in homeownership.


Check out other contents:

  • Check out latest blog post: 2 Things Sellers Need To Know This Spring
  • Did you miss our Report in Maine Life Real Estate? Check out Maine's Hottest Towns Report and find out the Top 10 Towns in Maine with the most booming housing Market. 
  • Are You Thinking About Buying a Home? The process of buying a home can be overwhelming at times, but you don't need to go through it alone. You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall, this free eGuide below will answer many of your questions.
  • Are you planning to sell your house this 2023? It's difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone. Download this Free Seller Eguide to answer all your questions!
  • Planning to buy a house in ScarboroughSacoPortlandOld Orchard BeachKennebunkSouth PortlandGorham, and Westbrook? You must be well aware about the status of their Housing Market, check this video to check the latest Market Udate of these towns.
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Rob Edgerley

Rob has built an organization dedicated to assisting his clients during every aspect of the transaction. He leads his company with the highest level of integrity and hard work. You will have a team of....

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