The most recent Housing Pulse Survey released by the National Association of Realtorsrevealed 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.
This is possible in the Hampton Roads area and would be provided by the best agents from Abrams Realty.
John Taylor, CEO of the National Community Reinvestment Coalition,explainsthat 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.”
Does owning your home really create a more stable environment for your family?
A survey of property managers conducted by rent.comdisclosed two reasons tenants should feel less stable with their housing situation:
68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
53% of property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know.
We can see from these survey results that renting will provide anything but a stable environment in the near future.
Homeowners enjoy a more stable environment and at the same time are given the opportunity to build their family’s net worth.
"We knew exactly what we wanted but were not sure of how to find it. We also didn't know where to start. Zach took all of those worries from us, answered all of our questions and even asked questions so he knew which houses to weed out of the list. He found us our "diamond" that our family can continue growing in without growing out of. He had AMAZING attention to details and if I called/emailed/texted with any question he got back to me immediately with the answers. I am glad we found our "diamond" of a real estate agent and made this a comfortable and happy experience.