According to statistics reported by the National Association of Realtors, from the Federal Reserve Survey of Consumer Finances, homeowner's net worth has been 31 to 46 times the net worth of renters over the last 15 years. Home equity was found to be a major component of those homeowner's wealth.
The last survey was conducted in 2013 and showed that not only had equity prices begun to normalize for most homeowners, but the median homeowner had almost $200,000 in net worth while a median renter had just over $5,000!
Amazingly, the same survey showed that only 65% of households owned a primary residence...are you still on the fence about buying a home? Call 813-230-5804 today for no pressure consultation!
Source :http://economistsoutlook.blogs.realtor.org/2014/09/08/net-worth-of-homeowners-vs-renters/
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