Home ownership pays off, according to Fed’s survey

Home equity increases homeowners' net worth up to 46 times that of renters.
Oct. 9, 2014

The Federal Reserve’s Survey of Consumer Finances backs the adage that home ownership is a good investment. Homeowners, on average, are up to 46 times wealthier than renters, the study says. A typical homeowner’s net worth is nearly $200,000 — between 31 and 46 times greater than the $5,000 net worth of the average renter. Much of a homeowner’s net worth comes from home equity.

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