Scottsdale Real Estate / Net Worth of Homeowners 44X Greater than Renters
So, you find yourself looking for a real estate agent as you are ready to buy a home, sell a home or perhaps both…
When it comes to Scottsdale Real Estate and the vast amount of choices offered from many venues. It is wise to take your time and take your home search seriously
Did you know that the real estate agent you choose could make or break things for you? Did you also know that the professional that you choose to help you during the process of buying or selling your next home should be done with caution or it could cost you thousands of dollars?
I offer my services in the Scottsdale Real Estate to the public because I excel in my ability to understand your needs, translate them into reality and to do so with the minimum of angst ...and for that reason, I believe I’m the right person for you.
Today, I want to address something that may be very important to you, it is about Net Worth of Homeowners 44X Greater than Renters
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.
The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.
Owning a home is a great way to build family wealth
As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.
That is why, for the fourth year in a row, Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.
Greater equity in your home gives you options
If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.
If you are moving to the Scottsdale area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I’ve helped many people move to my area!
Whether you are new to the market, thinking of moving up, or even an experienced investor, I have the expertise, the energy, the enthusiasm and the access to resources to help you achieve your goals.
Call Ryan now at 480–332–5659