Why It Pays To Be A Home Owner

Dated: 09/09/2014

Views: 91


Daily Real Estate News | Tuesday, September 09, 2014
Home owners are building net worth at a pace that is up to quadruple that of a renter.
Tips to Share With Renters
In the past 15 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter, according to the Federal Reserve's Survey of Consumer Finances, which is based on 2013 data.On average, home owners had nearly $200,000 in net worth compared to the average $5,000 net worth of renters, according to the survey."Home owner equity is a substantial component of home owner wealth," Danielle Hale, research economist at the National Association of REALTORS®, writes on the association's Economists' Outlook blog.Source: “Net Worth of Home Owners vs. Renters,” National Association of REALTORS® Economists’ Outlook Blog (Sept. 8, 2014)
Blog author image

Jeri Patrick

In today’s complex and difficult real estate market you need a professionals who will do whatever it takes to market and sell your home. Jeri Patrick has a team with an established history of succes....

Want to Advertise on this Site?

Latest Blog Posts

Oct 22 2018 5018 1

Will Home Prices Continue to Increase?There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this

Read More

Oct 19 2018 5018 1

20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]Some Highlights: When listing your house for sale, your top goal will be to get the home sold for the best price possible!

Read More

Oct 18 2018 5018 1

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.comreported that: New

Read More

Oct 17 2018 5018 1

5 Tips for Starting Your Home SearchIn today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time

Read More