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- Over the past 30 years, home values have risen more than 6 per cent annually.
- On average, the value of a home nearly doubles every 10 years.
- 60 percent of the average homeowner\'s wealth comes from their home\'s equity
- The average homeowner\'s net worth is $171,000- that\'s nearly 46 times that of a renter\'s, who has an average net worth of $4800.
- Homeowners benefit from the power of leverage. At an annual appreciation of 5 percent, a 10 percent down payment on a home will return 94 percent after 3 years. After 5 years, the rate of return increases to 225 percent and after 10 years, 623 percent.
- On average, the value of a home nearly doubles every 10 years.
- 60 percent of the average homeowner\'s wealth comes from their home\'s equity
- The average homeowner\'s net worth is $171,000- that\'s nearly 46 times that of a renter\'s, who has an average net worth of $4800.
- Homeowners benefit from the power of leverage. At an annual appreciation of 5 percent, a 10 percent down payment on a home will return 94 percent after 3 years. After 5 years, the rate of return increases to 225 percent and after 10 years, 623 percent.
When that day will be back again?