Why U.S Homeownership Rate Is Growing
Beyond Realty
Beyond Realty
The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise.
If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership.
When you buy a home with a fixed-rate mortgage, you can lock in what’s likely your biggest monthly expense – your housing payment – for the duration of that loan, often 15-30 years.
That gives you a predictable monthly housing expense that can benefit you in the short term, but you’ll also gain equity over time as your home appreciates in value and you make your monthly mortgage payment.
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