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.
Halloween is upon us once again!! Are you wondering what to do to cele
""Liz and Abrams Realty are the absolute best to work with! If your looking for realty services, look no further. I have had great experiences with them on both the buying and selling side of a home. Liz and her team of agents have everything covered from start to finish. Abrams Realty takes the hassle out of home buying and selling. When listing your home, they get it sold fast! The most impressive part about their excellent service is that they treat you like family! They make sure your best interests are looked out for and are there to support you throughout the entire process. Abrams Realty is the best if you are looking for a great real estate agent!""