For many, owning a home is the epitome of the American Dream. It represents a sense of stability, provides a place to raise a family, and is an investment in one’s future. Homeownership can offer the potential for wealth accumulation through property appreciation and the opportunity to build equity over time. This quintessential dream does not stop there. It is deeply connected to economic security and, in fact, real estate is often cited as a key economic indicator. The housing market’s … [Read more...] about Real Estate as an Economic Indicator
Suzanne Westrum
Prescott Homeowners Gained Wealth from Home Appreciation
New data from the National Association of Realtors reveals that homeowners in Prescott accumulated more than $200,000 in wealth as their homes appreciated through the last 10 years, banking $60,000 more than the national average in that same category. The data, which was featured prominently in NAR’s new report, Wealth Gains by Income and Racial/Ethnic Group, speaks to the value agents and realtors bring to consumers when helping buy and sell homes that build generational wealth. The press … [Read more...] about Prescott Homeowners Gained Wealth from Home Appreciation
