Homeowner’s Net Worth is 45x Greater Than a Renter’s

Homeowner’s Net Worth is 45x Greater Than a Renter’s

Agent First Nameimage_shadow_large.png

Homeowner’s Net Worth is 45x Greater Than a Renter's | Keeping Current Matters

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a Forbes article the National Association of Realtors’ (NAR) Chief EconomistLawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction:

Homeowner’s Net Worth is 45x Greater Than a Renter's | Keeping Current Matters

Put Your Housing Cost to Work For You

Simply put, homeownership is a form of ‘forced savings’. Every time you pay your mortgage you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 85% of consumers believe that purchasing a home is a good financial decision. Yun comments:

“Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth. The simplest math shouldn’t be overlooked.”

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, meet with a real estate professional in your area who can guide you through the process.

Comments
Listings
icon_listings_gray.jpgimage_shadow.png
FOR SALE

165Acres

Trindle Road,
Carlisle, PA 17013

$9,000,000

Listed ByWOLFE & COMPANY REALTORS

MLS® #10246719 MLS® # 10246719 (Active)
10185038.JPGimage_shadow.png
FOR SALE

100Acres

701 York Road,
Gettysburg, PA 17325

$8,000,000

Listed ByMILLER &ASSOC REAL ESTATE

MLS® #10185038 MLS® # 10185038 (Active)
10185037.JPGimage_shadow.png
FOR SALE

0SqFt

701 York Road,
Gettysburg, PA 17325

$8,000,000

Listed ByMILLER &ASSOC REAL ESTATE

MLS® #10185037 MLS® # 10185037 (Active)
10275918.JPGimage_shadow.png
FOR SALE

204Acres

00 Cramer Road/Ritner Highway,
Shippensburg, PA 17257

$7,900,000

Listed ByRSR, REALTORS, LLC

MLS® #10275918 MLS® # 10275918 (Active)
CPML10285791.JPGimage_shadow.png
FOR SALE

157.90Acres

1604 Pine Road,
Carlisle, PA 17015

$7,000,000

Listed ByRE/MAX ASSOCIATES OF LANCASTER

MLS® #10285791 MLS® # 10285791 (Active)

PAGE 1  OF  1155 1 2 3 4 5 »

Categories
Recent Posts
Archive
Contact Info
Contact Info
BrokersRealty.Com

6 Offices to Serve You

PA License RB-0631826-C
Lewisberry  Pennsylvania 17339

Office and Fax 888-774-8488

Translator
Social Media

© 2016 Central Penn Multi-List®. All rights reserved.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

© 2016 Greater Wilkes Barre MLS®. All rights reserved.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

© 2016 Keystone MLS Network®. All rights reserved.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

© 2016 Pocono Mountains AOR®. All rights reserved.

Listings displayed are not necessarily the listings of the provider.

Information Deemed Reliable, but Not Guaranteed. The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

Last updated on Sep 26, 2016.

websitebox