How Home Equity May Help You Buy Your Next Home in Cash

CLAY HALL JOURNAL jacksonvilleaddress.com Building equity in your house is one of the biggest financial advantages of homeownership. And right now, homeowners across the country are sitting on record amounts of it. Here’s a look at how that equity could be a game changer for you, and why it’ll flip your perspective from “Why would … Continue reading "How Home Equity May Help You Buy Your Next Home in Cash"

Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash

CLAY HALL JOURNAL jacksonvilleaddress.com One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than debt. That’s a big part of the reason … Continue reading "Why Today’s Mortgage Debt Isn’t a Sign of a Housing Market Crash"

The Big Difference Between Renter and Homeowner Net Worth

CLAY HALL JOURNAL jacksonvilleaddress.com Some Highlights If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership. Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s.  Connect with … Continue reading "The Big Difference Between Renter and Homeowner Net Worth"

Why Buying Now Is Worth It

CLAY HALL JOURNAL jacksonvilleaddress.com Some Highlights You may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise. Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could gain about $90k in equity in that … Continue reading "Why Buying Now Is Worth It"