People who were hit hard by the 2008 financial crisis are starting to see their credit rebound and are curious about their steps to re-enter the world of home ownership.
Many of you are understandably nervous about tying up your wealth in a home again. Yet home ownership is still the best path to personal wealth building. The trick now is using the lessons of the past to avoid another disaster.
According to the John Burns Real Estate Consulting group former homeowners began buying homes again in 2014 and those eligible to reenter the market will increase as their credit improves. As you know the more buyers, the more competition, and the higher prices may become. If your credit is in good shape, you are more ready than your nerves say you are. Letting the housing bubble burst your chances of relining your nest egg could be disastrous. It is proven homeowners have up to 45 times the wealth of renters. Home ownership really comes down to whose wealth do you want to build? Your landlord’s or your own?
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.