Housing Market Facts
- Over the last 30 years home
values have risen more than 6% annually.
- On average, the value of a
home doubles every 10 years.
- 60 percent of the average
homeowner’s wealth comes from the equity in their home.
- The average homeowner’s net
worth is $171,000. That’s nearly 46 times that of a renter’s,
who has an average net worth of $4,800.
- Homeowners benefit from the
power of leverage. At an annual appreciation rate of 5%, a 10%
down payment on a home will return 94% in 3 years. After 5 years
the rate of return increases to 225% and after 10 years 623%.
Try the Home Equity
Calculator.
* Source of the above information Harvard
University’s Joint Center For Housing Studies as shown on www.HousingMarketFacts.com
1/15/2008.
![MLS Search](photos/button230.jpg) ![Mortgage Calculator](photos/button227.jpg) ![Real Estate Library](photos/button211.jpg) ![Housing Market Facts](photos/button214.jpg) ![Why Pay Rent?](photos/button217.jpg)
HOME
|