Home Ownership and Net worth

Over several years, home ownership has seemed to lose some of its appeal as a financial investment. As owners endured through the housing bust, some began to question whether owning a home was truly a good way to build wealth. But a study by the Federal Reserve properly answered this question.

Specific findings revealed in the Fed report:

  • § Average American families have a net worth of $77,300
  • § Of that net worth, 61.4% ($47,500) is in home equity
  • § Homeowner’s net worth is over thirty-times greater than that of renters
  • § The typical homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100

In The End

This study found Home ownership is still a great way for a family to build wealth in America!

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