According to the Philadelphia Business Journal, “homeowners are building net worth at a pace that is up to quadruple that of a renter. In the past 15 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter…On average, homeowners had nearly $200,000 in net worth compared to the average $5,000 net worth of renters.”
So, what does this mean? It means that now could be the right time for you to buy a home. If you would like to speak to Damon to determine if now is the right time for you to purchase a home, contact him today or check out our featured listings.