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Building Equity and Increasing Net Worth

Roseville, Calif.- Many homeowners have earned more than $100,00 in equity over the past ten years, according to the National Association of Realtors (NAR).

Home appreciation has risen along with prices in the last decade, giving many homeowners more than $100,000 in equity over that time period and is a strong signal that homeownership is a notable way to increase wealth.

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According to the same report from NAR, middle-income homeowners have seen their property increase in value by 68 percent since 2012.
Low-income homeowners who earn less than 80% of their area’s median income saw $98,900 in equity gains in the same time period, while upper-income households who earn more than 200% of their area’s median income accrued $150,800 in equity, according to the NAR report, “Wealth Gains by Income and Racial/Ethnic Group.”

The NAR data demonstrates how owning a home is a key factor in increasing wealth. According to the NAR chief economist, “A monthly mortgage payment is often considered a forced savings account that helps homeowners build a net worth about 40 times higher than that of a renter.”

Julie Jalone

Julie Jalone of Magnum One Realty in Roseville

If you or someone you know is considering buying, please feel free to contact me MagnumOne Realty office in Roseville at (916) 276-6883 and email at [email protected].

We specialize serving the needs of buyers and sellers of homes in the Roseville and Sacramento area including Sacramento, Placer, El Dorado, Sutter and Yuba counties.

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