{"id":1934,"date":"2017-08-14T10:00:09","date_gmt":"2017-08-14T10:00:09","guid":{"rendered":"https:\/\/thezakariagroup.com\/homeowners-net-worth-is-still-greater-than-a-renters\/"},"modified":"2017-08-14T10:00:09","modified_gmt":"2017-08-14T10:00:09","slug":"homeowners-net-worth-is-still-greater-than-a-renters","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/homeowners-net-worth-is-still-greater-than-a-renters\/","title":{"rendered":"Homeowner\u2019s Net Worth Is Still Greater Than a Renter\u2019s"},"content":{"rendered":"
\n

\"Homeowner\u2019s<\/p>\n

Every three years, the Federal Reserve<\/em> conducts their\u00a0Survey of Consumer Finances<\/em><\/a> in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner\u2019s net worth is 36 times greater than that of a renter<\/strong> ($194,500 vs. $5,400).\u00a0<\/sub><\/span><\/p>\n

The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors\u2019 Chief Economist<\/em> estimates<\/a> that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)!\u00a0<\/strong><\/p>\n

Put Your Housing Cost to Work for You<\/strong><\/h4>\n

As we\u2019ve said\u00a0before<\/a>, simply put, homeownership is a form of \u2018forced savings.\u2019 Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord\u2019s net worth.<\/p>\n

The\u00a0latest<\/a> National Housing Pulse Survey<\/em>\u00a0from\u00a0NAR\u00a0reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments<\/a>:<\/p>\n

\n

\u201cDespite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, <\/strong>wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home.<\/strong>\u201d<\/em>\u00a0<\/strong><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let\u2019s get together and evaluate your ability to buy today!<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Every three years, the Federal Reserve conducts their\u00a0Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner\u2019s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).\u00a0 The latest survey data, covering 2014-2016 will […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nHomeowner\u2019s Net Worth Is Still Greater Than a Renter\u2019s - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/homeowners-net-worth-is-still-greater-than-a-renters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Homeowner\u2019s Net Worth Is Still Greater Than a Renter\u2019s - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Every three years, the Federal Reserve conducts their\u00a0Survey of Consumer Finances in which they collect data across all economic and social groups. 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