” If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.”
A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.
Do Americans believe a home is a better investment than stocks?
In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.
Here’s how the results break down:
The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):
Bottom Line
The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:
“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”
To view original article, visit Keeping Current Matters.
Is It Time To Put Your House Back on the Market?
Since January, demand has picked up – and that should continue as spring draws even closer.
Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up
If you’re debating whether to buy now or wait, remember: real estate rewards those in the market, not those who try to time it perfectly.
Rising Inventory Means This Spring Could Be Your Moment
If you’ve been on the sidelines, waiting for the right time to buy, this spring could be the opening you’ve been hoping for.
Is a Newly Built Home Right for You? The Pros and Cons
An agent can walk you through the pros and cons of considering a newly built home and help you decide if it makes sense for you.
Is the Housing Market Starting To Balance Out?
While it’s still a seller’s market in many places, buyers in certain locations have more leverage than they’ve had in years.
Do You Know How Much Your Home Is Worth?
The only way to get an accurate look at what your house is really worth is to talk to a local real estate agent.
