Here is the true value of having a fully paid-off home in America — especially when you're heading into retirement

Title: Here is the true value of having a fully paid-off home in America — especially when you're heading into retirement

Article Snip: "...analysis of U.S. Census Bureau data, Bloomberg found the number of Americans in this category jumped between 2012 and 2022 by 5 percentage points to just shy of 40%. Moreover, Bloomberg reports that more than half of these owners have reached retirement age. So if you’re fortunate enough to be mortgage-free and headed towards retirement, chances are you have a lot going for you financially. For starters, the worth of your home, should you choose to sell it, represents 100% equity. ..."

Reference: moneywise.com

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New homes are getting smaller. That could be big news for first-time buyers | Intelligent Buyers Move Away From Larger Money-Wasters

Title: New homes are getting smaller. That could be big news for first-time buyers

Article Snip: "...For most of the last half-century, new single-family homes kept growing. In 1973, the median size of completed single-family homes was 1,525 square feet, according to US Census data. By 2015, that number had ballooned to 2,467 square feet. ..."

Reference: www.cnn.com

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Cost of Renting vs. Owning a Home in Every State

Title: Cost of Renting vs. Owning a Home in Every State

Article Snip: "According to conventional financial wisdom, it’s more cost-efficient to own a home than to rent one. But with high home prices across the U.S., is that still the case?...To find out the more affordable housing option, GOBankingRates analyzed the average price of renting versus owning a home in all 50 states, plus the District of Columbia. The study found that in the majority of states, it is..."

Reference: yahoo.com
Renting vs. Owning a Home

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