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If you are on the fence about buying a home, consider this: waiting to buy could cost thousands in accumulated wealth. According to a recent realtor.com® report, the financial penalties of delaying or forgoing on a home purchase have become very steep – the average buyer is estimated to gain $217,726 (in today's dollars) in wealth over a 30-year period.
Although some markets are more buyer-friendly than others, national data shows homeowners see significant financial benefits as compared to lifetime renters. In nearly 90 percent of metro areas, buying a home produces a financial benefit of at least $100,000 over 30 years.
"This analysis looks solely at the financial reasons to buy a home, based on assumptions about rising mortgage rates and changes in home values," realtor.com® Chief Economist Jonathan Smo...
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