Welcome to the AtlantaRealEstateHome.com Blog

2019-08-20 13:06:49
A Great Way to Increase Your Family’s Net Worth

A Great Way to Increase Your Family’s Net Worth

A Great Way to Increase Your Family’s Net Worth | MyKCM

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

The study revealed that the median net worth of a homeowner is $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 Gallup reported Americans picked real estate as the best long-term investment for the sixth year in a row. According to this year’s results, 35% of Americans chose real estate. Stocks followed at 27%, then savings accounts and gold.

Bottom Line

If you want to find out how you can use your monthly housing cost to increase your family’s wealth, let’s get together to help you through the process.

 
Blog Archive
2019-09-17 10:58:00
Home Prices Increase in Every Price Range

2019-09-09 10:20:55
Home Sales Expected to Continue Increasing In 2020

2019-09-03 06:52:29
5 Reasons to Sell This Fall

2019-08-27 07:37:14
What’s the Latest on Interest Rates?

2019-08-20 13:06:49
A Great Way to Increase Your Family’s Net Worth

2019-08-14 10:18:09
5 Real Estate Reality TV Myths Explained

2019-08-07 08:22:03
Appreciation Is Strong: It Might Be Time to Sell

2019-07-29 09:00:48
3 Expert Insights On Inventory In The Current Market

2019-07-23 08:47:25
What Experts are Saying About the Current Housing Market

2019-07-16 08:55:41
Home Price Appreciation Forecast

2019-07-09 08:35:23
5 Powerful Reasons to Own Instead of Rent

2019-07-02 12:54:15
Americans Rank Real Estate Best Investment for 6 Years Running!

2019-06-26 07:10:26
Stop Wondering What Your Budget Is & Get Pre-Approved!

2019-06-12 05:28:05
3 Things to Know in the Housing Market Today!

2019-06-04 15:00:59
How Homeownership Delivers Unsurpassed Family Wealth

2019-06-02 05:50:44
The Ultimate Truth about Housing Affordability

2019-05-23 07:49:40
Starting the Search for Your Dream Home? Here Are 5 Tips!

2019-05-14 13:21:36
New Research Shows Housing Is Affordable For First-Time Buyers

2019-05-07 14:13:51
Why Access Is One of the Most Important Factors in Getting Your House Sold!

2019-04-30 07:22:09
What Would Make You Sell Your House?

2019-04-25 10:25:17
Renters Paying Substantially More While Owning Costs Less

2019-04-17 06:38:23
Are Low Interest Rates Here to Stay?

2019-04-12 09:42:09
Have you heard these myths about buying a home?

2019-04-05 11:33:43
3 Graphs that Show What You Need to Know About Today’s Real Estate Market

2019-04-02 13:34:22
Homebuyers Shouldn’t Worry About 2008 All Over Again

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.