The Big Difference Between Renter and Homeowner Net Worth
Some Highlights
- If you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.
- Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s.
- Connect with an agent if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible.
Categories
Recent Posts
Why More Sellers Are Choosing To Move, Even with Today’s Rates
What You Really Need To Know About Down Payments
Why Most Sellers Hire Real Estate Agents Today
You May Have Enough Equity To Downsize and Buy Your Next House in Cash
Your House Didn’t Sell. Here’s What To Do Now.
Is Inventory Getting Back To Normal?
The Five-Year Rule for Home Price Perspective
Buying Your First Home? FHA Loans Can Help
The Big Difference Between a Homeowner’s and a Renter’s Net Worth
The Rooms That Matter Most When You Sell