The Federal Reserve recently released their Survey of Consumer Finanaces. In it they said that the average homeowner’s worth is 44 TIMES higher than the average renter. This was from data pulled from 2013-2016. Beyond that they found that the average homeowner’s net worth went up 15% while the average renter’s net wroth actually went down by 5%.
What this means to you is that simply owning your own home puts you in a stronger financial position on average. Imagine what the difference would be if you also looked at investment property? If you are interested in buying a home, selling a home, or investing in real estate (or you know someone else who is), put me on your team. You can reach me at 515-639-0047 or RyanLynch@KW.com.