Here’s a great article by The Seattle Times that discusses homeowner equity gains over the past year.
Key points: Home price appreciation is expected to slow this next year, CA, WA, and ID saw the biggest equity price increases this past year, and many who wish to purchase are finding it more and more difficult to do so. In August 2021, first-time buyers accounted for 29% of home sales, whereas last year they made up 33% of buyers (data from the National Association of Realtors). Owning a home is one of the biggest, if not THE biggest factor contributing to long-term wealth accumulation. If you do not already own a home, you are potentially missing out! If you think you can’t afford to buy or it’s too hard, I can introduce you to reputable lenders who can help you see what is possible. #yourhomesherpa
Click HERE for the full Seattle Times article.