Homeownership Still Pays High Dividends

A recent analysis of Federal Reserve data by the National Association of Realtors shows that homeownership is still a smart decision. The data shows that homeowners continue to have greater wealth than renters – even in this down market. 

Positive equity still exists for most homes purchased since 2003 and negative equity situations vary according to region and community. In Northern California, home equity gains for homeowners who purchased in 2003 still average $105,000. Twenty-year homeowners in Northern California average $481,000 in home equity according to the data.

The data clearly shows that homeownership remains one of the strongest elements of wealth building for Americans.

Here is the home sales and median home price data for April. 

Contact Craig for more information on local real estate markets and home sales – 925-984-4910

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