ABR, CDPE, CLHMS, CRS, e-PRO, GRI, SRES
Luxury Home Marketing
It's not just my business, it's my neighborhood.®

Renters Listen Up;A homeowner’s net worth will be 45 times greater than that of a renter by 2016

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a recent Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

No Comments

Comments are now closed.