The Dunnican AdVantage

Home Buyer Demand Will Be Strong for Years to Come

New research shows that 66% of millennials who currently rent are determined to buy a home!
Posted by Cindy Dunnican on April 10, 2019 in  2019 Housing Market  First Time Home Buyer  Home Buyer  Millennials  Rent vs. Buy
Home Buyer Demand Will Be Strong for Years to Come There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream! New research shows that 66% of millennials who currently rent are&n... read more
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How to Put Your Housing Cost to Work for You

Your home is one of the only investments you can live inside as you pay it off over time.
Posted by Cindy Dunnican on March 29, 2019 in  Building Wealth  Buying A Home  Financial Growth  investment  Rent vs. Buy
How to Put Your Housing Cost to Work for You There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time. The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gain... read more
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Want To Increase Your Family’s Wealth? Here’s How!

Home equity is a large portion of a family’s overall net worth.
Posted by Cindy Dunnican on March 18, 2019 in  Building Wealth  Buying A Home  Net Worth  Rent vs. Buy
Want To Increase Your Family’s Wealth? Here’s How! Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. T... read more
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Homeownership is a Cornerstone of the American Dream

In the United States, the concept of homeownership as part of the American Dream is very much alive and well.
Posted by Cindy Dunnican on March 15, 2019 in  American Dream  Building Wealth  Buying A Home  Home Ownership  Rent vs. Buy
Homeownership is a Cornerstone of the American Dream “The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to fall for the next ten years. That led to speculation that homeownership was no longer seen as a major component of the American Dream. That beli... read more
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How Can I Increase My Family’s Net Worth?

Numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.
Posted by Cindy Dunnican on February 25, 2019 in  Building Wealth  Buying A Home  Owning A Home  Rent vs. Buy
How Can I Increase My Family’s Net Worth? Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is ... read more
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