Net Worth of a Homeowner

January
19
2011

With so much mixed media about real estate today, I believe consumers who are considering purchasing a home are overwhelmed by what to believe and, against their best interests, have begun to shut it all out. By doing this, they are missing an unbelievable opportunity. Keeping this in mind, I promise to make this simple and to the point.

One of the main reasons to purchase a home now is affordability, which has never been better. Why you ask?  Increased inventory is to the advantage of buyers and that, combined with historically low interest rates, has created an ideal scenario for home buyers.

However, interest rates are ticking up which is causing some potential homeowners to rethink their decision. A recent study for NAR shows that over the past 12 years, the net worth of the typical homeowner has ranged between 31 and 46 times that of the net worth of the typical renter.

Proving still that housing remains, even in a market you may have concerns about, a solid investment.

By Amanda Serra

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