The Perks of Buying over Renting

  The Perks of Buying over Renting Thinking about buying a home? While today’s  mortgage rates  might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get  your own place . 1. Home Values Typically Go Up Over Time There’s been some confusion over the past year or so about which way  home prices  are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term,  home prices  almost always go up ( see graph below ): Using  data  from the  Federal Reserve  (the Fed), you can see the overall trend is home prices have climbed steadily for the past 60 years. There was an exception during the 2008 housing crash when prices didn't follow the normal pattern, but generally, home values kept rising. This is a big reason why  buying a home  can be better than  renting . As prices go up and you pay down your mortgage, you build  equity . Over time, this growing equity can really increase your net wort
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Explore Advance, NC


Advance (pronounced with the stress on the first syllable) is an unincorporated community located in Davie County, North Carolina. It has a total land area of 62.3 square miles (161 km2) and is located along Hwy NC 801 and Hwy 158 just south of Bermuda Run near the western bank of the Yadkin River.



History
Various accounts exist for the origin of the town's name. Some suggest the name was derived from the name of a popular resident and freed slave, Addington Vance. Other accounts suggest the community was named by residents who hoped that with the addition of a post office, the community would advance. Yet another possibility is that the town was named after the Confederate blockade steamer "Advance", which was commonly referred to as the AD Vance.


Schools & Civic Service
Advance Masonic Lodge
Advance Volunteer Fire Department
Davie Civitan Club
Cornatzer Elementary School
Shady Grove Elementary School
William Ellis Middle School

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