” 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.
3 Ways You Can Use Your Home Equity
A real estate professional is the best resource to help you understand how much home equity you have and advise you on some of the ways you can use it.
Your House Could Be the #1 Item on a Homebuyer’s List During the Holidays
Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait.
What Homeowners Want To Know About Selling in Today’s Market
The key to success today is being realistic and working with a trusted real estate advisor.
Mortgage Rates Will Come Down, It’s Just a Matter of Time
As we get through the inflation battle and start to see that coming down, we should expect mortgage rates to follow.
More People Are Finding the Benefits of Multigenerational Households Today
Combining resources with parents and/or siblings may help you achieve the dream of buying and owning a home.
Why It May Be Time To Add Newly Built Homes to Your Search
If you’re willing to work with a trusted agent to consider a newly built home, you may have even more options than you realize.