Homeownership builds wealth.

National Association of Realtors’ (NAR) Economists’ Outlook Blog revealed in a recent post:

“Housing wealth contributes positively to the homeowner’s and children’s economic condition, because home equity can be tapped for expenditures such as investing in another property (which can generate rental income), home renovation (which further increases the home value), a child’s college education, emergency or major life events, or expenses in retirement…

Housing wealth (or net worth or equity) is built up over time via the home price appreciation and the principal payments that the homeowner makes on the loan.”

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Sold Price

Median

$230,000

Sale Price

Median

$228,500

Price / Sqft

Median

$124

Days on Market

Average

35

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7011 W Keim Drive Glendale 85303

SOLD

$230,000

Bedrooms: 3

Baths: 2.5

Sqft: 1,849

MLS: #5923904

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