Homeownership in 2023 builds your wealth over the years. We as seasoned real estate experts and advisors understand how housing has it's up's and down's, however it is very important and a experience and difference for diverse homebuyers and seller's to work with the right real estate experts. It is challenge for many to buy a home in this volatile housing market. There is a diversity of cultures racing to homeownership which is a cornerstone even more in America due to the economy and housing market.
Homeownership is an essential piece for building household wealth that can be passed down to future generations. However there are obstacles in the home buying process that can negatively impact certain groups as displayed in the graph. This can delay or prevent many from achieving homeownership, challenging their ability to benefit from everything owning a home offers. The fact of the matter homeownership is never a desire in America, it gives a space of comfort. Emotional benefits streams self desires to a space that is truly yours. Your home continues to be of the utmost importance and a place of security and utmost stability and comfort which brings social benefits and communities as a whole. Click link to learn more about home ownership /HOMEOWNERSHIP---32819---32836---Dr-Phillips-6-22894.html
Other challenges is that is that there is a measurable gap between the overall country average of homeownership rate of that non-white groups. Today, the lowest homeownership rate persists in the black community as you can see in the graph. Our job as a realtor not to break any golden rules. The big one is steering, which is a violation for the code of ethics, this is described as showing a family homes is a specific location that is not requested.
This can mean a variety of things such as not affording a family the opportunity to live in other locations that they have a pre-approval to purchase a home. Not all households have the same opportunity to homeownership, many are facing more constraints in their efforts to achieve the American dream. Click link to lear more about home buying trends /HOME-BUYING-TRENDS---32819---32836---Dr-Phillips-6-24381.html?
Given that homeownership contributes to wealth accumulation and the homeownership rate is lower in minority groups, graph shows that the net worth for these groups is also lower. This is why it is important for members of diverse groups to have the right trusted advisor that knows the local market through this home buying process for the best advice. If you are serious about becoming a homeowner, know it may be more in your reach than you think. Lean on the trusted professionals to help you overcome challenges and prioritize your next steps. Click link to subscribe to my free e-book navigating the buying process https://kevinstrawter.book.live/buyer-book
As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the housing market for the Dr Phillips and the Central Florida area. Always stay in tuned, educated and connected in the volatile housing market to purchase or for the sale or for purchase of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey contact me today at 850 496-6412 to help begin a new walk to homeownership and of of your real estate needs. Tik Tok Kevin Strawter each Friday for a highway of information. Click link to learn more about Kevin Strawter ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html