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Net Worth | Fathom Realty Blog

Tuesday, March 7, 2023   /   by Kim Hawkins

One Major Benefit of Investing in a Home

One of the many reasons to buy a home is that it’s a major way to build wealth and gain financial stability. 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 spring approaching, now’s a great time to consider if buying a home makes sense for you. The best way to figure that out is to talk with a trusted real estate professional.

The Largest Part of Most Homeowners’ Net Worth Is Their Equity

You may be surprised to learn just how much of a homeowner’s net worth actually comes from owning their home. The National Association of Realtors (NAR) shares:

“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 w ...

  homeowner, housing market, mortgage rates, should i buy, homeownership, financial stability, net worth, buy vs rent

Fathom Realty
Kim Hawkins
120 Baldmir Road
Hendersonville, NC 28791

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