A Homeowner’s Net Worth is 36x Greater Than A Renter

By
Mortgage and Lending with The Money Source NMLS #251674

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth.

The Federal Reserve conducts a Survey of Consumer Finances, every three years, and just released their latest edition this past week.

Some of the findings revealed in their report:

  • The average American family has a net worth of $81,200
  • Of that net worth, 61.4% ($49,856) of it is in home equity
  • A homeowner’s net worth is over 36 times greater than that of a renter
  • The average homeowner has a net worth of $194,500 while the average net worth of a renter is $5,400

Bottom Line

The

Posted by

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Arizona
Groups:
Realtors®

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
90,741
Whitney Watson
First Heritage Mortgage - Henrico, VA

Mike, Those numbers are hard to argue with. If a potential buyer was on the fence about home ownership I'm sure this would sway their decision!

Sep 22, 2014 05:39 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
258,791

Mike Aavang

FHA /USDA/ VA / HOME IN 5 / CONVENTIONAL
Ask me a question
*
*
*
*
Spam prevention

Additional Information