The Long-Term Benefit of Home Ownership

You generally won't find many people who regret buying a property if you know folks who did so five, ten, or even thirty years ago. How come? The explanation is related to how equity and wealth are built up when home values increase over time.

Home Price Growth Over Time

Despite a slowdown in home price growth in 2022, previous years have seen a significant rise in home values. The chart below illustrates exactly how notable those improvements have been over the past five years using information from the Federal Housing Finance Agency (FHFA):