Every three years, the Federal Reserve conducts theirSurvey of Consumer Financesin which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.
The study revealed that the 2016 median net worth of homeowners was $231,400 -a 15% increasesince 2013. At the same time, the median net worth of rentersdecreased 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, for the fourth year in a row,Gallupreportedthat Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.
Greater equity in your home gives you options
If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.
Author:Angela Cotten Phone: 817-470-0081 Dated: October 12th 2017 Views: 229 About Angela: Results, Integrity, Attitude & Honesty. If superior representation with a caring touch is what you ...
Ryan Hardin is a real “go getter” in the truest sense of the word! He has never met a stranger and treats each new day with as much enthusiasm as he did the last. Ryan is
a proud native of the DFW Metroplex and is passionate about showing people all that the area has to offer. Whether you are looking for an up-and-coming urban oasis or a
peaceful respite just on the outskirts of town, Ryan has his finger on the pulse of the current local real estate market.
His unique and spirited brand of customer service stems from his roots working for his family’s business. Ryan’s parents owned and ran a successful flower shop for thirty-six
years in the beautiful downtown historic district of Grapevine, Texas. During the time that Ryan worked for the family business he got a first-hand lesson in the importance
of customer service, following through on promises, and building relationships that last a lifetime. This foundation helped prepare Ryan when he decided to pursue his love of
Ryan always has his clients’ best interests at heart and will represent them to the best of his ability. He will help guide them through the sometimes complicated process of buying or selling a home so that his clients feel knowledgeable and at ease. Buying, selling, leasing, apartment renting, and commercial investing, are all areas where Ryan excels. He is currently a member of the Texas Real Estate Commission, Metro-Tex Realtors, and the National Association of Realtors.
His love of family and his devotion to friends make him a reliable and reputable agent. When Ryan is not leasing or selling properties, he loves to play golf and attend sporting events. However, Ryan’s biggest love is cooking, especially hosting crawfish boils!
Give Ryan a call, and he can find the perfect property for you, a property that fits your lifestyle.