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.
Here’s how the results break down:
The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):
Bottom Line
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.”
Content previously posted on Keeping Current Matters
👉 Search Homes For Sale 🏡
👉 Search for Rentals🏡
👉 Click for this weeks Open House List 🏘️
***
Renee Harrington | Realtor (Since 2003)
Offering old fashioned customer service, using leading edge technology.
Call me! I’m at your service!! 615-943-7384 Cell
Listing Agent | Buyer’s Agent (♥ 1st Time Home Buyers), Relocation, New Construction
Cope & Associates Realty and Auction, LLC 615-384-7500
#lovewhereyoulive #TNRealtorRenee #AtYourService #LiveLoveSpringfield #springfieldtn
***
Go to Source
Powered by WPeMatico
Thinking of selling your home?
Request a free SOLD Seller’s Guide
in the mail – request it at: https://tnrealestatelistings.com/sellers
Thinking of buying a home?
Request a free Buyer’s Guide at: https://tnrealestatelistings.com/buyers
Realtor Since 2003 – Renee offers old fashioned customer service, using leading edge technology.
Specialties:
Listing Agent
Buyer’s Agent (♥ 1st Time Home Buyers & Relocation )
New Construction
Call me! I’m at your service!!
Renee Harrington | Realtor
Aspire Realty LLC| 615-212-5076 Office
Facebook:https://www.facebook.com/TNRealtorRenee/
Instagram: https://www.instagram.com/TNRealtorRenee/
Search Current MLS Listings and setup auto notifications
to receive new listings within an hour of hitting the market on my
website at: https://tnrealestatelistings.com/property-search/
#lovewhereyoulive #tnrealtorrenee #tnrealestatelistings.com #reneeharrington #soldrenee #realtor #wanttomove #relocating #relo #firsttimehomebuyer #househunting #newhome #realestate #homesearch #dreamhome #dreamhouse #beautifulhomes #realestateforsale #newconstruction #newhomes #homesforsale #homesale #home #housing #listing #forsale #location #locationlocationlocation #northofnashville #robertsoncounty #springfieldtn #crossplainstn #whitehousetn #orlindatn #portlandtn #greenbriertn #adamstn #cedarhilltn #coopertowntn #pleasantviewtn
