Homeownership Still Builds Your Wealth

Posted on June 26, 2009
Jackie Ehmen
Filed Under Champaign Illinois homes for sale, For Buyers |

In comparison with renters, Champaign Illinois home owners have much greater household wealth according to the NAR.

Owners wealth exceeds that of renters by a factor of 50-to-1. The main difference is of course home equity.

Even in slower markets, equity increases significantly over time.  Home ownership continues to remain the biggest store of wealth for the typical household.

The interest rates are remaining quite competitive and Champaign Ilinois home prices are stable.

What better time to purchase a home than the present?

Contact me today directly (217) 840-9604 for more information about purchasing a new home in the Champaign - Urbana Illinois area.

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Comments

2 Responses to “Homeownership Still Builds Your Wealth”

  1. Mike on June 29th, 2009 10:43 am

    Having equity in property is also the most common way to leverage substantial credit.

  2. Richard Stabile Bergen County Real Estate on November 27th, 2009 11:01 pm

    Homeownership basic principles make tremendous sense, it is the abuse of the rooted Idea that it is a nescessity. It should not be used as a heavy speculation transaction for your home which you and your family are to live in. Speculation is for money not needed to maintain ones normal lifestyle. Low down payments are alright if you can afford the payments over time.

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