Licensed in Florida and Georgia
Register Login (850) 893-2525
  • Email
  • Facebook
  • Instagram
  • Twitter
  • Home
  • Search
    • Search
    • Featured Listings
    • Open Houses
    • Map Search
  • Neighborhoods
  • Buyers
  • Sellers
  • Blog
  • Our Team
    • Agents
    • Our Open Houses
  • About
    • About Us
    • Relocating
    • Testimonials
  • Contact
Home > Homeownership is the Top Contributor to Your Net Worth

Homeownership is the Top Contributor to Your Net Worth

October 10, 2019 by Admin Leave a Comment

Homeownership is the Top Contributor to Your Net Worth

Homeownership is the Top Contributor to Your Net Worth

Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth,

“The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below):

Homeownership is the Top Contributor to Your Net Worth | Keeping Current MattersThis does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study reinforces that idea,

 “Net worth is an important indicator of economic well-being and provides insights into a household’s economic health.”

Having equity in your home can help your family move in that direction, building toward substantial financial growth. According to the report noted above, people are not only creating net worth in the homes they live in, but many are also earning equity in rental property investments too. (See below):Homeownership is the Top Contributor to Your Net Worth | Keeping Current MattersJohn Paulson said it well,

“If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”

Bottom Line

There are financial and non-financial benefits to owning a home. If you would like to increase your net worth, meet with a local real estate professional to help you understand all the benefits of becoming a homeowner.

Filed Under: Uncategorized

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New ListingNotifications

  • Email Alerts for New Homes
  • Save Your Favorites
  • Price Change Notifications
  • Plus More...
Sign Up

What's YourHome Worth?

Find Out

Categories

  • Community Events
  • Cyber Crime
  • Homeowning
  • Market Reports
  • Mortgage Reports
  • Preparing Your Home
  • Real Estate News
  • The Buying and Selling Process
  • Uncategorized

Client Testimonials

"“I truly cannot say enough positive things about Allyson Foster, her expertise, her knowledge and her determination to do all she can for her client.... continued"
- Vicki
View All

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Email
  • Facebook
  • Instagram
  • Twitter

Mark Trafton IV Broker/Owner

Mark has been a member of the Armor Realty family since September 2006. The company’s founder, Paul Armor brought Mark on board to be the Managing Broker and on January 1, 2010, Mark bought the company and became Broker/Owner.  He was licensed in 2002 and has subsequently earned the National Association of Realtors’ CRB designation (Certified Real Estate Brokerage Manager), CRS designation (Certified Residential Specialist), GRI designation (Graduate Real Estate Institute) and the SFR (Short Sale Foreclosure Resource) Certification. Mark has served the Tallahassee Board of Realtors in numerous capacities including Treasurer (2017 – 2018), Secretary (2009); Governmental Affairs Chairman (2005-2007); and Director 2007, 2008, 2010, and 2011.

Armor Realty of Tallahassee, Inc

1519 Killearn Center Boulevard
Tallahassee, Florida 32309

(850) 893-2525
(850) 668-7590 Fax
Contact Us

 

sitemap   •   admin   •   ©2021 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com