What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Tracy Grant

Find Your Next Home











A Great Way to Increase Your Family’s Net Worth

August 19, 2019


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, meet with a real estate professional in your area who can guide you through the process.


Tags:

Featured Listings

sold
Nice open floor plan with an upstairs laundry room. Kitchen has Corian counter tops and a view to the low maintenance backyard. Direct access to 2 car garage and a cul-de-sac location. Solar System.
$550,000
sold
4
beds
2.5
baths
1,941
Sq Ft
sold
2 + 2 light and bright in Friendly Valley with a 1 car garage
$335,000
sold
2
beds
2
baths
1,150
Sq Ft
listed
This Heather Ridge Condominium shows extreme pride of ownership. Wood look ceramic tile throughout the home as well as baseboards, and custom Crown Molding. All rooms have recently been decorated with horizontal blinds.
$430,000
listed
3
beds
2
baths
1,280
Sq Ft
listed
This is the one you've been waiting for. Single story pool home with a 3 car garage on a cul-de-sac. The home features an open kitchen with a large Island so you have lots of counter space. The kitchen opens to the family room with a sliding door
$650,000
listed
4
beds
2
baths
2,107
Sq Ft

Recent Posts

Get Started!