Core Insights - Home equity is a significant asset for many Americans, but it should not replace actual retirement savings [1][4] - Converting home equity into cash can be challenging, requiring either a home equity loan, line of credit, or selling the home [4][5] - The value of home equity can fluctuate, posing risks if the housing market declines at the time of sale [5][7] Investment Strategy - Home equity can serve as a backup plan for unexpected expenses in retirement, but it should not be relied upon as the primary source of retirement funding [8] - It is advisable to maintain sufficient retirement savings through various liquid assets, including retirement accounts and Social Security [8]

Fact checked by Suzanne Kvilhaug The best time to buy your home, experts say, is when you can afford it. Moyo Studio / Getty Images Key Takeaways Many renters hope a housing crash will make homes affordable. Experts advise buying a home when you're financially ready. Home prices typically increase by 4% each year. Down payment assistance programs can help reduce your costs. If you’re waiting for the housing market to crash, you’re not alone. According to a 2024 survey by Lending Tree, over a th ...

Fact checked by Suzanne Kvilhaug Drs Producoes / Getty Images The best time to buy your home, experts say, is when you can afford it. Key Takeaways About 1 in 3 Americans want the housing market to crash, according to a new survey, and many renters believe that a crash will allow them to afford a home. Experts warn against trying to time the housing market because lost equity, rising prices, and a dash for homes could offset any potential gains from waiting. Instead, the best thing to do is buy a hom ...