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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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How Much “Housing Wealth” Can You Build in a Decade?

How Much “Housing Wealth” Can You Build in a Decade? | Simplifying The Market

Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.

Below are three graphs depicting the most important data revealed in the study.

How much have home prices increased?

One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home.How Much “Housing Wealth” Can You Build in a Decade? | Simplifying The Market

What was the percentage of appreciation?

Another way to look at this is by the percentage increase in value over time, called appreciation:How Much “Housing Wealth” Can You Build in a Decade? | Simplifying The Market

Was this appreciation consistent throughout the country?

Today, when we think of markets that have done well over the last decade, we have a tendency to think about San Francisco, San Diego, Seattle, and other West Coast cities. Though it is true the West Region showed the highest price growth over the last three decades, we can see how every region of the country did quite well in ten-year increments:How Much “Housing Wealth” Can You Build in a Decade? | Simplifying The MarketThis data validates the claim that homeownership is great for building wealth. The importance of this information was highlighted in the study’s first sentence:

“Homeownership is an important source of wealth creation, enabling current homeowners and succeeding generations to move up the economic ladder.”

Bottom Line

Homeownership has many financial and non-financial benefits. The accumulation of “housing wealth” through increased equity is a major one. If you’re thinking of buying a home for the first time or moving up to your dream home, the sooner you make the move, the sooner your net worth will begin to grow.

 

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
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580 Rio Vista Avenue Daytona Beach, FL 32114
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Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
5452 St Regis Way Port Orange FL 32128
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$424,900
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5452 St Regis Way Port Orange, FL 32128
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Welcome to 5452 St Regis Way, located in the peaceful cul-de-sac of The Vineyards, one of Port Orange's most desirable neighborhoods. This well-maintained 3-bedroom, 2-bathroom home offers comfort and convenience with recent upgrades that make it mov

Listing courtesy of Stacy Kelly of EXP Realty LLC
279 Latitude Drive Daytona Beach FL 32124
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$435,000
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279 Latitude Drive Daytona Beach, FL 32124
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BRAND NEW CONSTRUCTION! Never lived in! Full warranty package... NO worries! Perfect carefree living! Dreaming of a new breakout - tropical, secure & carefree lifestyle? You just found it! This Bamboo model home has been professionally decorated.

Listing courtesy of Elaine Kogut of Adams, Cameron & Co., Realtors
1821 Creekwater Boulevard Port Orange FL 32128
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$439,000
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1821 Creekwater Boulevard Port Orange, FL 32128
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Waterfront Beauty in Waters Edge Community This beautifully upgraded lakefront home in the desirable Waters Edge community combines style, comfort, and serene surroundings. Set on a private lot with no rear neighbors, it offers uninterrupted views

Listing courtesy of Dexter Copp of EXP Realty LLC

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Related posts:

  1. Want to Build Wealth? Buy a Home This Year.
  2. Housing Wealth: The Missing Piece of the Affordability Equation
  3. #1 Financial Benefit of Homeownership: Family Wealth
  4. Homeowner Wealth Increases Through Growing Equity This Year

Posted in: Blog, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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