by Kathryn Dunkle, Client Coordinator

How has the wealth of current homeowners and real estate investors in the Raleigh/Cary area changed as a result of home ownership? The National Association of Realtors tells us, “One way to answer that question is to create a snapshot of the equity individuals who purchased a home at the median price 5, 10, 15, and 20 years ago would have built up in they had kept that home through 2007.”

Homeowners in the Raleigh/Cary area enjoy an average net worth, according to 2004 figures, in excess of $180,000. Compare this to the net worth of the average renter, $4,000; it easily demonstrates that homeownership continues to be the quickest way for the average American to build wealth.

Buyers Advantage Group Realty can help you find a home that meets your lifestyle and start you on a path to wealth building. Our exclusive buyer agents are experienced and knowledgeable about the Triangle area, providing you with the information to compare different home locations and values.

*Source: National Association of Realtors Research Update, April 15, 2008, 2008 Metro Area Wealth Gain Reports

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