2014 Homeownership’s Impact on Net Worth
2014 Homeownership’s Impact on Net Worth
Over the last six years, homeownership 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.
Click here to search Lake County Illinois Homes for Sale.
Jim Starwalt
Thinking of making a move?
Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.
Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com
Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com
Find Me Online
2014 Homeownership’s Impact on Net Worth
Over the last six years, homeownership 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 revealed in their report:
- 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
The Fed study found that homeownership is still a great way for a family to build wealth in 2014 in America.
Click here to search Lake County Illinois Homes for Sale.
Jim Starwalt
Thinking of making a move?
Log onto my website at www.StarHomeTeam.com and search Northern Illinois Homes for sale.
Easily search Northern Illinois Homes for Sale with photos, open houses and virtual tours at StarHomeTeam.com
Jim Starwalt, Real Estate Broker
RE/MAX Center
Phone: 847-548-2625
Jim@StarHomeTeam.com
Find Me Online
2014 Homeownership’s Impact on Net Worth
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