Idaho Housing Market Snapshot – May 3, 2017
Midweek Snapshot – May 3, 2017 Whether you’re ready to start looking for your dream home or you’re thinking it might be time to sell your home, knowing what’s going on in the real estate world is definitely a good place to start! Our Idaho Housing Market infographic offers a quick summary of Active & Pending Single Family Homes in Idaho as a whole as well as city specific numbers. Check out Vol. 11: Idaho Housing Market Snapshot – May 3, 2017 Featured Property: 9200 W. Avalanche Court | Boise View Tour: http://www.tourfactory.com/idxr1716182 The midweek Idaho Market Snapshot – May 3, 2017 – includes: Boise, Meridian, Eagle, Nampa, Kuna, Caldwell, Moscow, McCall, and Twin Falls! Interested in purchasing or listing a home? Want to know what your neighborhood market is? Feel free to contact us any time! *Information is for Reference...
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Who is David Bach?
Millionaire to Millennials: Buy Now! Self-made millionaire David Bach was quoted in a CNBC article explaining that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter.” In his bestselling book, “The Automatic Millionaire,” Bach does the math: “As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage, and in the...
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Homeownership Builds Wealth & Offers Stability
Homeownership Builds Wealth & Offers Stability The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are: They want the opportunity to build equity. They want a stable and safe environment. Building Equity John Taylor, CEO of the National Community Reinvestment Coalition, explains that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth: “We traditionally have been huge supporters of homeownership. We see it as a way to provide stability for households but also as an asset-building strategy. If you continue to be a renter, locked out of the homeownership arena, increasingly those things are further and further out of reach. They’re joined at the hip. They perpetuate each other.” Family Stability Does owning your home really create a more stable...
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