While market factors are definitely important, there’s also a bigger picture to consider: the long-term benefits of homeownership. Why Owning a Home Is Worth It in the Long Run
Think of it this way. That’s because over time, home values usually grow – and that means a homeowner’s net worth does too. Here’s a look at how that can really add up over the years.
Home Price Growth over Time
You can see that nationally, home prices increased by over 57% in just five years.
Some regions are slightly above or below that average, but overall, home prices saw a big uptick in a short time. And if you zoom out even more, the benefit of homeownership — and the drastic gains homeowners made over the years — become even more clear (see map below): Why Owning a Home Is Worth It in the Long Run
