Patti Smylie, Realtor® ReMax Accord Tri Valley

With homeowners having 34 times the wealth of those renting, that in and of itself is a powerful reason to purchase a home. Some other interesting facts are homeowners reside at one address four times longer than renters. They have higher credit scores and more stable housing costs. The children of homeowners have higher graduation rates and in turn they have higher home ownership when establishing their own living arrangements.