Let's Craft Your American Dream

Homeownership is the cornerstone of The American Dream. We look forward to helping you to achieve your homeownership dreams and goals and the lifestyle that you desire.

A Great Way to Increase Your Family’s Net Worth

by | Aug 19, 2019

A Great Way to Increase Your Family’s Net Worth | Simplifying The Market

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Owning a home is a great way to build family wealth.

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 by increasing the equity in your home.

That is why Gallup reported Americans picked real estate as the best long-term investment for the sixth year in a row. According to this year’s results, 35% of Americans chose real estate. Stocks followed at 27%, then savings accounts and gold.

Bottom Line

If you want to find out how you can use your monthly housing cost to increase your family’s wealth, let’s get together to help you through the process.

Phone Consultation

15 Minute Introductory Call

Quick

Coaching Call

FREE – No Obligation Phone Consultation to Determine the Next Steps to Your American Dream

Home Buying and Selling Guides

How-To’s, What’s Ups, and Other Good Stuff for both….

Home Buyers and Sellers

Fall 2021 Real Estate Guides – Free No Hassle Downloads

Free Real Estate Webinars

Pin It on Pinterest

Share This