Category Archives for "Move up Buyers"

Aug 14

Homeowner’s Net Worth is 45x Greater Than a Renter’s

Buyers , Housing Market Update , Move up Buyers

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 Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun […]

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