{"id":2463,"date":"2018-08-20T10:00:18","date_gmt":"2018-08-20T10:00:18","guid":{"rendered":"https:\/\/thezakariagroup.com\/the-net-worth-of-a-homeowner-is-44x-greater-than-a-renter\/"},"modified":"2018-08-20T10:00:18","modified_gmt":"2018-08-20T10:00:18","slug":"the-net-worth-of-a-homeowner-is-44x-greater-than-a-renter","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/the-net-worth-of-a-homeowner-is-44x-greater-than-a-renter\/","title":{"rendered":"The Net Worth of a Homeowner is 44x Greater Than A Renter!"},"content":{"rendered":"
\n

\"The<\/p>\n

Every three years, the Federal Reserve<\/em> conducts their Survey of Consumer Finances<\/em> in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.<\/span><\/p>\n

The study revealed that the median net worth of a homeowner was $231,400 \u2013 a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($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.<\/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.\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 fifth year in a row, Gallup<\/em> reported 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 gold, 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 Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 \u2013 a 15% increase since 2013. At the same time, […]<\/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":[98,99,101,111],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nThe Net Worth of a Homeowner is 44x Greater Than A Renter! - 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\/the-net-worth-of-a-homeowner-is-44x-greater-than-a-renter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Net Worth of a Homeowner is 44x Greater Than A Renter! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. 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