Homeownership is still the goal that motivates many of us to get up in the morning and put in a hard day’s work. However, developments in recent years have caused many people to question if such a goal is still worth pursuing. We are talking specifically about developments in the residential real estate market.
According to a detailed analysis of the housing market conducted by RenoFi, house prices in the United States have increased by 48.55% over the last decade. The site also notes that the average price of a home is currently $257,000.
There is no getting around the fact that home buyers are being asked to make larger investments these days. Even so, one can argue that such an investment remains more than worth it. Discover why homeownership still wins in the long run by reading the rest of this article.