A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.
Do Americans believe a home is a better investment than stocks?
In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.
The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:
“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”
Greater Milwaukee, WI Real Estate – Jerry Grosenick, Trainer, Coach, Broker, PSA, CRS, CREN, ABR, SFR, REALTOR focusing in Washington County, Waukesha County, Ozaukee County and Milwaukee County in WI. I believe in giving real estate agents the best Training, Branding, Technology, Culture and Financial Security in the industry. Click here to begin your home search or start with a complimentary home valuation here! To discuss your real estate needs, feel free to call or text me at 262-573-9334. If you would like my mobile business card, TEXT to 85377 and put in message: iwantjerry