Author name: Keith LaBrunda - RE/MAX Town & Valley

Contemplating whether to rent or purchase a home? A crucial piece of data from the Federal Reserve Board’s triennial Survey of Consumer Finances (SCF) might aid your decision-making process. This report highlights the stark wealth disparity between homeowners and renters, revealing a substantial difference. Homeowners, on average, possess a net worth nearly 40 times that of renters. The evidence is clear in the accompanying graph that homeowner net worth has surged significantly in recent years. Why Homeowners’ Net Worth Has Surged Signifacantly The latest SCF report shows a significant increase in homeowners’ net worth compared to renters. Previously, the average […]

Are you contemplating the wisdom of purchasing a home in the current market? Despite the somewhat daunting mortgage rates, here are two persuasive arguments in favor of taking the leap of homeownership and investing in yourself by buying a home. Steady Growth in Home Values Recent years have seen some confusion regarding the trajectory of home prices. After a minor dip in late 2022, prices have resumed a more typical pattern of appreciation this year, signaling positive momentum in the real estate market. While short-term fluctuations may suggest unpredictability, a broader historical perspective reveals a consistent upward trend in home