{"id":1977,"date":"2017-10-12T10:00:38","date_gmt":"2017-10-12T10:00:38","guid":{"rendered":"https:\/\/thezakariagroup.com\/net-worth-of-homeowners-44x-greater-than-renters\/"},"modified":"2017-10-12T10:00:38","modified_gmt":"2017-10-12T10:00:38","slug":"net-worth-of-homeowners-44x-greater-than-renters","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/net-worth-of-homeowners-44x-greater-than-renters\/","title":{"rendered":"Net Worth of Homeowners 44X Greater than Renters"},"content":{"rendered":"
\n

\"Net<\/p>\n

Every three years, the\u00a0Federal Reserve<\/em>\u00a0conducts their Survey of Consumer Finances<\/a>\u00a0<\/em>in\u00a0which they collect data across all economic and social groups.\u00a0The latest survey data, covering 2013-2016 was released two weeks ago.<\/span><\/p>\n

The study revealed that the 2016 median net worth of homeowners was $231,400 \u2013 a 15% increase<\/strong> since 2013. At the same time, the median net worth of renters decreased by 5%<\/strong> ($5,200 today compared to $5,500 in 2013).<\/p>\n

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.<\/em><\/p>\n

Owning a home is a great way to build family wealth<\/strong><\/h4>\n

As we\u2019ve said before, simply put, homeownership is a form of \u2018forced savings<\/em>.\u2019 Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.<\/p>\n

That is why, for the fourth year in a row, Gallup<\/em> reported<\/a> that Americans picked real estate as the best long-term investment. This year\u2019s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then\u00a0gold, savings accounts\/CDs, or bonds.<\/p>\n

Greater equity in your home gives you options<\/strong><\/h4>\n

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let\u2019s get together to discuss the process.<\/p>\n<\/div>\n

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

Every three years, the\u00a0Federal Reserve\u00a0conducts their Survey of Consumer Finances\u00a0in\u00a0which they collect data across all economic and social groups.\u00a0The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 \u2013 a 15% increase since 2013. At the same time, the median net […]<\/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_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,100,101,111],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nNet Worth of Homeowners 44X Greater than Renters - 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\/net-worth-of-homeowners-44x-greater-than-renters\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Net Worth of Homeowners 44X Greater than Renters - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Every three years, the\u00a0Federal Reserve\u00a0conducts their Survey of Consumer Finances\u00a0in\u00a0which they collect data across all economic and social groups.\u00a0The latest survey data, covering 2013-2016 was released two weeks ago. 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