This is a great reminder of how important homeownership is to one's ability to grow wealth. Over the last 33 years, home values have increase more than 300% nation wide. Here in Colorado, they have gone up 587% over the same 33 years. We moved here in 1987, when one could purchase a home for around $100,000. Just for fun, I went back to public records to see what a $750,000 home today, sold for in 1991. On average, they sold for around $100,000. Amazing. Just a great reminder that buying a home is definitely the way to go.

 

The Wealth-Building Power of Homeownership [INFOGRAPHIC]




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Some Highlights

  • If you’re trying to decide if buying a home is worth it, consider the long-term benefits, like building equity as home values grow over time.
  • According to the FHFA, home values have increased by 315.7% since 1991.
  • Home equity is one reason owning your own place can really pay off in the long run. When you're ready, let's connect.