How Homeownership Is Life Changing for Many Women
Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households. Why Is Homeownership So Important to Women? The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal. On the financial side, housing proves to be the key to building wealth for single women. Ksenia Potapov, Economist at First American, says: “For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman’s wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth.” The financial security and independence homeownership provides can be life changing, too. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer. A recent report from the National Association of Realtors (NAR) shares the top reasons single women are buying a home right now (see chart below):
Annapolis MD Guided Tour - Things to See and Do
Come along on ths Annapolis MD Guided Tour, showcasing some of the best things to see and do in the State Capital of Maryland! Welcome to beautiful Annapolis, the charming capital city of Maryland. In this video, we will take you on a downtown tour of this welcoming and historic city. Situated along the Chesapeake Bay, about a 30 minute drive east of Washington DC. Annapolis has a laid back seaside atmosphere with a vibrant downtown settled in 1649. Annapolis is rich in history and actually served as the nation's capital from 1783 to 1780. Today, Annapolis has consistently voted one of America's most walkable towns, and it offers visitors and residents a plethora of things to do, see and taste. Annapolis is famous for its maritime activity known as America's sailing capital. Annapolis draws boating enthusiasts from all over the world and hosts four renowned boat shows each year. Most residents and visitors take to the water one way or another. Stroll along ego alley to admire the impressive lineup of yachts and sailboats. Then take in a sparkling water view at Annapolis City Dock. This is also the spot to catch fireworks on New Year's Eve and the 4th of July. Take a few minutes to pause at the Kuta Quinte Alex Haley Memorial, which commemorates the arrival place of an enslaved African. Quinte. The memorial is inspired by the 1976 Pulitzer Prize-winning novel roots, the saga of an American family by Alex Haley. The picturesque historic district of Annapolis is full of 18th century brick houses and other historical landmarks. The Maryland State House is the oldest US state Capitol in continuous legislative use. Dating back to 1772. The nearby Romanesque style St. Anne's Episcopal Church has Tiffany Glass windows and an historic cemetery. Annapolis is also home to the prestigious United States Naval Academy, which has been training officers for the US Navy and Marine Corps since 1845. The Naval Academy offers guided tours and attractions like the Naval Academy Museum, the Naval Academy Chapel, the Navy Marine Corps, Memorial Stadium, and more just down the streets. It's another highly regarded institution. St. John's College, which was founded in 1696, and is the third oldest college in the United States. Annapolis is brimming with activity year round, and each season has its own feel. There are diverse restaurants, lively pubs, and cozy cafes, many offering a variety of local seafood. There are lots of unique shops to explore, including national brands and local specialty boutiques. And Annapolis has an impressive array of theaters, museums, and galleries, which create a thriving arts and culture. No matter the season, Annapolis Maryland is a stunning place to visit or live. Moving to the Washington DC Metro Area? Call, text or email us to learn more about the area. Thanks and credit to original Creator - Where Next Travel
Why Buying a Home Is a Sound Decision
If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could impact your investment. This year, we aren’t seeing home prices fall dramatically. As the year goes on, however, some markets may go up in value while others may lose value. That’s why it’s helpful to keep the long-term view in mind. Experts project a return to a steadier rate of price appreciation in the years that follow. Home Price Appreciation in the Years Ahead Over 100 economists, investment strategists, and housing market analysts were polled by Pulsenomics in their latest quarterly Home Price Expectation Survey (HPES). The report indicates what they believe will happen with home prices over the next five years. As the graph below shows, after mild depreciation this year, these experts forecast home prices will return to more normal levels of appreciation through 2027. The big takeaway is experts aren’t forecasting a drastic fall in home prices nationally, even though some markets will see home price appreciation while others may depreciate. And when they look further out, they see steady price appreciation in the long run. That’s a great example of why homeownership wins over time. What Does This Mean for You? Once you buy a home, price appreciation raises your home’s value, and that grows your household wealth. Here’s how a typical home’s value could change over the next few years using the expert price appreciation projections from the survey mentioned above (see graph below): In this example, if you bought a $400,000 home at the beginning of this year and factor in the forecast from the HPES, you could accumulate over $54,000 in household wealth over the next five years. So, if you’re wondering if buying a home is a sound decision, keep in mind what a strong wealth-building tool it is long term.
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