Homeownership Is Still The Winner!!! Julie Larson Realtor 941-882-0322

By
Real Estate Agent with PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties

Homeowner’s Net Worth Is Still Greater Than a Renter’s

Homeowner’s Net Worth Is Still Greater Than a Renter’s | MyKCM
Every three years, the Federal Reserve conducts their 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).  The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)! 

Put Your Housing Cost to Work for You

As we’ve said before, 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 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments:
“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home. 

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let’s get together to determine if you can qualify for a mortgage now! Call Julie Larson at 941-882-0322 or complete the form below…
~Keeping Current Matters
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida Sarasota County

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,203,782
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great information..I hope your phone is ringing from it!

Aug 15, 2017 07:52 AM #1
Rainmaker
389,640
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

You are absolutely right Julie Larson Realtor® Sarasota FL 941-882-0322 ! I'd like the way you said it "forced savings".

Aug 15, 2017 01:10 PM #2
Rainmaker
816,320
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Well stated information that those who are renting should consider. I know you stand ready to help them find the right home.

Aug 15, 2017 01:46 PM #3
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?

Rainmaker
144,506

Julie Larson Realtor® Sarasota FL 941-882-0322

When you're thinking of moving...ThinkSuncoast.com
Ask me a question
*
*
*
*
Spam prevention