” 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.
Planning To Sell Your House in 2025? Start Prepping Now
By starting your prep work early, you’ll give yourself plenty of time to get your house market-ready by the end of the year.
What To Expect from Mortgage Rates and Home Prices in 2025
With home prices projected to rise at a more moderate pace, 2025 is shaping up to be a more promising year for both buyers and sellers.
Why Did More People Decide To Sell Their Homes Recently?
As rates came down at the end of the summer, more people jumped into the market and decided to make their move.
Why an Agent Is Essential When Buying a Newly Built Home
By working with a knowledgeable real estate agent, you can feel confident when buying a newly built home today.
Why Now’s Not the Time To Take Your House Off the Market
By keeping your home on the market, you increase the chances of attracting people who are truly ready to make a purchase.
Now’s the Time to Upgrade to Your Dream Home
A recent survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home.