#homeownership

Value of Homeownership

Thanks to rising home values and limited housing supply, the average homeowner now has around $267,000 in equity, creating a comfortable cushion even in uncertain times.  With nearly 40% of homes fully paid off and the total value of owner-occupied homes at a record $48.2 trillion, homeowners are in a strong position to feel secure and optimistic about their investments.  It’s not too late to get...

First Time Homebuyer

Buying your first home is an exciting and important milestone. It's a big decision which comes with a mix of emotions, from excitement to nervousness. As a first-time homebuyer, there are many things to consider, from finding the right neighborhood to securing financing. It's important to do your research, understand the process, and be prepared for the journey ahead. With the right guidance and...

A Home’s Net Worth

  Homeownership isn’t just about having a place to call your own – it’s also a powerful tool for building wealth.  Studies show that homeowners have a net worth that is significantly higher than that of renters due to advantages such as equity and appreciation.  Unlike rent payments, which offer no return on investment, mortgage payments contribute to an asset that grows in value.  Are...

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Mary Cockburn - 5 Star Real Estate Agent serving Edgewood, Albuquerque, & East Mountain