Many Americans have taken a hit on the home equity over the past years, and some wonder is if it is still a smart financial decision to own versus Rent.

Good News...according to The Federal Reserve date that the National Assn of Realtors analysis.   The answer is YES.

Household wealth of owners VS renters is a factor of 50:1.The main difference between the two is home equity, of course. Even in these recent

Years with home equity dwindling, it is still the rule and not the exception of home equity. Those in the last 10, 15 or 20 years still have a great deal of

Equity. Data clearly shows that homeownership remains the biggest store of wealth for the typical household. Even those who bought with in the last 5 years

Some still have equity; some have a minor negative position which will not stay there.  It is a minority who has lost the majority. It is the exception not the rule.

That is some good news brought to us by Robert Freedman in the financial section of www.Realtor.org

Sounds good to me

www.NewportCoastRealEstateTeam.com

Marlene Dietrich, Tony & Mike

 

 

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