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During the forty year period from 1963 thru the year 2002 home values increased a mean of 6.37% each year. Glaringly that rise in value came in jumps ...
During the forty year period from 1963 thru the year 2002 home values increased a mean of 6.37% each year. Glaringly that rise in value came in jumps and starts, but the final lesson is that being the owner of your own home is a safe way of making equity over the long haul, presuming you do not keep borrowing against the value of the home as the worth increases. The value of you home will naturally change over a period. Definitely some commercial factors outside of your control will affect the value of your house, but there are a large amount of things that you do have command over that will also increase the value of your home.
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