Posts from June 29th, 2016

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Homeowner Net Worth Will Be 45x Greater Than a Renter

June 29th, 2016 by Sharon McElwee

title graphic montague miller homeowner net worth great than renter Every three years the Federal Reserve conducts a 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).

In a recent Forbes article the National Association of Realtors' (NAR) Chief EconomistLawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

The graph below demonstr...

Click Here to Read More...

Categories: buying a home

Tags: homeownership

Posts from June 29th, 2016

Homeowner Net Worth Will Be 45x Greater Than a Renter

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