inception-app-prod/ODk5MTJmMjUtMDgwOS00NzVmLWJmYWQtMGVkYmE2YzBhNDEw/logo/2020/10/joe-herbert-realty-horz-logocmyk-1-2.jpg
We Work For You
  • Listings Search
  • Join Our Team
  • Blog
  • Buy/Sell
    • Winter 2021 Home Buyer’s Guide
    • Winter 2021 Home Seller’s Guide
    • Standard Operating Procedure For Buyers
  • Testimonials
  • About
  • Meet Our Team
Broker
joeherbertrealty@gmail.com
814-217-1900
Sign In
Sign Up
inception-app-prod/ODk5MTJmMjUtMDgwOS00NzVmLWJmYWQtMGVkYmE2YzBhNDEw/logo/2020/10/joe-herbert-realty-horz-logocmyk-1-2.jpg
We Work For You
  • Listings Search
  • Join Our Team
  • Blog
  • Buy/Sell
    • Winter 2021 Home Buyer’s Guide
    • Winter 2021 Home Seller’s Guide
    • Standard Operating Procedure For Buyers
  • Testimonials
  • About
  • Meet Our Team
inception-app-prod/ODk5MTJmMjUtMDgwOS00NzVmLWJmYWQtMGVkYmE2YzBhNDEw/logo/2020/10/joe-herbert-realty-horz-logocmyk-1-2.jpg
We Work For You
inception-app-prod/ODk5MTJmMjUtMDgwOS00NzVmLWJmYWQtMGVkYmE2YzBhNDEw/content/2020/03/20200227-kcm-share.jpg

How Much "Housing Wealth" Can You Build in a Decade?

inception-app-prod/ODk5MTJmMjUtMDgwOS00NzVmLWJmYWQtMGVkYmE2YzBhNDEw/content/2021/10/70f7211d991dfadae59829e6af96c9533475d9b0.png
Joe Herbert,03/9/2020
How Much “Housing Wealth” Can You Build in a Decade?

Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.

Below are three graphs depicting the most important data revealed in the study.

How much have home prices increased?

One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home.How Much “Housing Wealth” Can You Build in a Decade? | Keeping Current Matters

What was the percentage of appreciation?

Another way to look at this is by the percentage increase in value over time, called appreciation:How Much “Housing Wealth” Can You Build in a Decade? | Keeping Current Matters

Was this appreciation consistent throughout the country?

Today, when we think of markets that have done well over the last decade, we have a tendency to think about San Francisco, San Diego, Seattle, and other West Coast cities. Though it is true the West Region showed the highest price growth over the last three decades, we can see how every region of the country did quite well in ten-year increments:How Much “Housing Wealth” Can You Build in a Decade? | Keeping Current MattersThis data validates the claim that homeownership is great for building wealth. The importance of this information was highlighted in the study’s first sentence:

“Homeownership is an important source of wealth creation, enabling current homeowners and succeeding generations to move up the economic ladder.”

Bottom Line

Homeownership has many financial and non-financial benefits. The accumulation of “housing wealth” through increased equity is a major one. If you’re thinking of buying a home for the first time or moving up to your dream home, the sooner you make the move, the sooner your net worth will begin to grow.

Print Details
Previous post
Next post
How Your Tax Refund Can Move You Toward Homeownership This Year
5 Simple Graphs Proving This Is NOT Like the Last Time

Have a question?

SEND
Submitting
Succes! Your message was sent!
Oops! Error occurred.

Search listings

Enter city, zip, neighborhood, address…
Loading in progress…
No results found
Type in anything you’re looking for
Search

Office

Joe Herbert Realty
4528 Zuck RdErie
PA 16506
814-217-1900
JoeHerbertRealty@gmail.com

Essentials

  • About
  • Meet Our Team
  • Listings Search
  • Buy
  • Home Worth
  • Blog
  • Contact Us
  • Join Our Team
  • Testimonials

Consumer Protection & Privacy

  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information you seek through an alternate communication method.
inception-app-prod/ODk5MTJmMjUtMDgwOS00NzVmLWJmYWQtMGVkYmE2YzBhNDEw/logo/2020/10/joe-herbert-realty-horz-logocmyk-1-2.jpg

© 2022 All rights reserved

Created with Placester

Sign in

Sign in with your email address

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Enter your email address

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Change password
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Let Us Know How We Can Help You

Don't Go It ALONE! Joe Herbert Realty is here to help you navigate the twists and turns of buying a new home or selling your existing home.
Send
Succes! Your message was sent!
Thank you for contacting us. We will get back to you within 24-48 hours.
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Please wait...

Account Verified!
You may now log in into your account
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link