July 2021
Hi Friends & Neighbors!
There are many ways to invest your money: stocks, bonds, gold, even cryptocurrency. How about an investment in yourself?
In just the first quarter of 2021, US homeowners saw their wealth grow by $2 trillion as the housing market soared. Real estate is no slouch when it comes to return on investment, and it has the added benefit of, you know… living in it.
Since you are subscribed to this real estate newsletter, you’re probably familiar with the many advantages of home ownership. But at the risk of “preaching to the choir,” here are some more statistics we found worthy of sharing, courtesy of Habitats for Humanity:
- U.S. homeowners have an average net wealth that is 400% higher than that of renters with similar demographics and earnings
- On average, US homeowners gain an additional $9,500 in net wealth each year through their homes
- Children of low-income homeowners are 11% more likely to graduate high school, 4.5% more likely to complete post-secondary education than children of low-income renters
- Homeowners are 1.3 times more likely to become involved in a neighborhood group and to join a civic association than renters
Family, community, wealth — owning a home that meets your needs can improve your life in so many ways. If it feels like the right time for you to buy, sell or both, please don’t hesitate to reach out to discuss your options. We’re always here to help you and anyone you send our way!
Warmly,
Mike & Lisa Styring
Hawaii Realty International
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