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

Amy Small

Find Your Dream Home











Amy Small

Coldwell Banker

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
One-of-a kind Chatsworth mountain paradise located on approximately 1.4 acres. Features include 30' waterfall, lagoon pool, guest house with its own laundry room, and so many more. Call Amy today for showing details.
$899,000
sold
4
beds
2.5
baths
1,639
Sq Ft
sold
Amazing, custom built South Of Ventura Blvd. hillside view home. All rear facing rooms have a spectacular view of the mountains. Bedroom 2 has its own entrance. Beautiful open layout with too many features to mention. Call Amy today for easy showing!
$1,279,000
sold
2
beds
2.5
baths
2,414
Sq Ft
listed
Beautiful, completely remodeled 1 bedroom 1 bathroom Condo. in 20 Unit complex
$350,000
listed
1
beds
1
baths
687
Sq Ft
listed
Lovely 5 -Bedroom (2 downstairs) 3-Bathroom home with Poll and amazing grotto area. To many lovingly added features to mention! Call Amy today for information!
$979,000
listed
4
beds
3
baths
2,386
Sq Ft

Recent Posts

Get Started!