” 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.
How to Navigate a Market Where Multiple Offers Is the New Normal
To help you navigate bidding wars with multiple offers, an expert real estate advisor is key.
How Global Uncertainty Is Impacting Mortgage Rates
Rates will likely fluctuate in the short-term based on what’s happening globally.
Why It’s Critical to Price Your House Right
There are several factors that go into pricing your house and balancing them is the key.
An Expert Advisor Will Give You the Best Advice in Today’s Market
It’s critical to have an expert on your side who’s well versed in navigating today’s rapidly changing market.
Millennials: Do You Need a Home with More Space?
The past two years brought about significant changes for many people, and homeowners are reevaluating what they truly need in a home.
The Perks of Owning More Than One Home
With the rise in remote work, more people are reconsidering where they want to live and second homes give them greater flexibility.