Over the last six years, home ownership 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. A study by the Federal Reserve formally answered this question.
Some of the findings in their report are listed below.
The average American family has a net worth of $77,300
Of that net worth, 61.4% ($47,500) of it is in home equity
A homeowner’s net worth is over thirty times greater than that of a renter
The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100
Author:Ann Marie Cancro Phone: 717-468-1301 Dated: August 15th 2014 Views: 371 About Ann Marie: LICENSED: Licensed Real Estate Professional since October 1990.
AFFFILIATIONS: Lancaster Assoc. o...
Welcome, and thank you for visiting the Highland Realty Group LLC and the premier website for searching real estate throughout South-East and Central Pennsylvania. We are a full service real estate company offering Sales and Management, Fine Home Sales, Rentals, Investment and Distressed opportunities, Short-Sale and foreclosure alternatives to distressed owners and more. We are available literally 24/7. Please Call or Chat using the window below, Anytime day or night!
Homeownership will always be a part of the American
"WOW! What an amazing experience. I was told by a friend that the buying process would be tedious and exhausting but Paul did everything possible to make our first time purchase an absolute blessing. Thank you Paul for a great experience - We WILL be back when our little one get older :-)"