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Homeownership Still Pays - 06/04/09 01:48 PM
Home-equity snapshots paint a bright picture.
Many Americans have taken a hit to their home equity over the past couple of years, and some may wonder if it's really the smartest financial decision to own a home. A recent analysis of Federal Reserve data by the NATIONAL ASSOCIATION OF REALTORS® shows the answer is yes. In comparison with renters, home owners have much greater household wealth, says NAR's April commentary on the Fed's Survey of Consumer Finances. Owners' wealth exceeds that of renters by a factor of 50-to-1: a median of $205,200 versus a median of $4,200. The main wealth difference … (2 comments)
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Paul Carlson
Kingsland,
GA
More about me…
ERA Kings Bay Realty
Address: 1965 Commerce Drive, Kingsland, GA, 31548
Office Phone: (912) 673-1000
Cell Phone: (912) 322-1350
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