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. Every three years the Federal Reserve conducts a Survey of Consumer Financesin which they collect data across all economic and social groups.
Some of the findings revealed in their report:
The average American family has a net worth of $81,200
Of that net worth, 61.4% ($49,856) of it is in home equity
A homeowner’s net worth is over 36 times greater than that of a renter
The average homeowner has a net worth of $194,500 while the average net worth of a renter is $5,400
There are many reasons why owning a home makes sense, the Fed study shows that owning is still a great way for families to build wealth in America.
Author:Dawn Borkowski Phone: 864-313-4608 Dated: February 9th 2015 Views: 266 About Dawn: ...
With approximately 50 years combined experience, Guest Group brings a wealth of varied experience in both Residential and Commercial Real Estate.
We are loyal, ethical and very dedicated to our clients. We give exceptional service and continue to have our clients for life. We compliment each other and understand the Real Estate Industry and the Local Market.
We have strong negotiating skills and transaction servicing that will ensure you of a successful real estate experience.
May is the Best Time to Sell Your Home According to a newly relea
"Client Feedback on Coralie Struckman
How fast did your agent respond to your questions: 5 out of 5
How well did your agent use technology: 5 out of 5
How helpful was the support staff: 5 out of 5
How good was the auxiliary services we recommended: 5 out of 5
How did the closing go: 5 out of 5
How close did we meet your expectations: 5 out of 5
How likely are you to recommend us: 5 out of 5
Services used: Buy
How did you find us: Internet Search
Your most memorable moment
Coralie went the extra mile on every task. She is very professional and made the whole buying experience a pleasure.
The moment you'd rather forget?
None! Coralie was proactive from start to finish.
Not as this time. I will surely refer Coralie and team to anyone we know buying or selling."