Many homeowners are not aware that they have regained equity in their homes as their investment has increased in value.

Homeownership has been, is and will always be a crucial element of the American Dream.

Speculation has driven certain markets over the last year. However, it has not been speculation, but instead people’s desire for homeownership, that has driven the real estate market.

Buyers in the market during the winter months are truly motivated purchasers. They want to buy now.

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.”

Prices are appreciating at levels greater than historic norms. However, we are not at the levels that led to the housing bubble and bust.