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2018-08-20 13:46:54
The Net Worth of a Homeowner is 44x Greater Than A Renter!

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Owning a home is a great way to build family wealth

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.

That is why, for the fifth year in a row, Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.

Greater equity in your home gives you options

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.

 
Blog Archive
2018-12-11 11:01:29
How to Simply Increase Your Family Wealth by Paying for Housing

2018-12-10 12:36:53
What If I Wait A Year to Buy a Home?

2018-12-07 15:09:36
The Tale of Two Markets

2018-12-06 14:15:21
Try Just One More Time

2018-12-05 18:11:20
Where Are Interest Rates Headed in 2019?

2018-12-04 11:39:33
Homeowners Aged 65+ Have 48x More Net Worth Than Renters

2018-12-03 13:05:09
4 Reasons to Buy A Home This Winter!

2018-11-30 21:00:10
7 Items to Check Before the Big Freeze

2018-11-29 11:38:26
Further Proof It’s NOT 2008 All Over Again

2018-11-28 16:47:22
24% of Renters Believe Winter is the Best Time to Buy a Home

2018-11-27 23:05:22
The #1 Reason to Not Wait Until Spring to Sell Your House

2018-11-26 13:26:24
Buyers: Don’t Be Surprised by Closing Costs!

2018-11-21 17:02:47
3 Things Homeowners Are Thankful For

2018-11-20 08:56:10
Females Are Making It a Priority to Invest in Real Estate!

2018-11-19 15:57:52
7 Reasons to List Your House For Sale This Holiday Season

2018-11-16 15:07:50
The Cost of Renting vs. Buying a Home

2018-11-16 07:41:28
Home Sellers in Q3 Netted $61K at Resale

2018-11-12 11:50:14
How to Honor a Veteran Today and Everyday

2018-11-09 14:48:08
Highlights From This Month's Update

2018-11-08 09:17:02
75% of Renters Have Been Misinformed

2018-11-07 12:23:55
Why Has Housing Supply Increased as Sales Have Slowed Down?

2018-11-06 08:36:44
2 Myths Holding Back Home Buyers

2018-11-02 15:27:21
Are We Heading Towards Another Housing Bubble?

2018-11-01 12:34:52
How Will Home Sales Measure Up Next Year?

2018-10-31 10:19:23
Taking Fear Out of the Mortgage Process

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