How Rising Home Prices Affect Your Home Equity (and Net Worth)
Posted by Ryan Penn on
Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high. This has given an unexpected financial boost to many homeowners. However, for some renters, rising home prices are making dreams of homeownership feel further out of reach. In fact, the gap between homeowners and renters has never been wider. If you own a home, you are absolutely loving this market and watching your home value increase by thousands of dollars a month. Renters are between a rock and a hard place, rising rents are hitting their pocketbook while rising home prices are making homeownership more and more unattainable.
As a homeowner, it’s important for you to…
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