buyer: Is Homeownership Still Considered Part of the American Dream?
- 04/06/21 12:03 PM
Chip Jervis is an experienced seller"s and buyer's Broker and has served over 1200 consumers over his 30 plus year real estate career. Chip can be reached at 850-974-3300 Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or the church, owned all the land and, with few exceptions, everyone else … (0 comments)
buyer: Buy or rent? The numbers are obvious!
- 07/18/16 11:32 PM
A Homeowner’s Net Worth is 45x Greater Than a Renter’s! 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 Economist Lawrence 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:
Put Your Housing Cost to Work for You … (0 comments)
Chip Jervis is an experienced seller"s and buyer's Broker and has served over 1200 consumers over his 30 plus year real estate career. Chip can be reached at 850-974-3300
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