04/08/2021
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Homeownership Is Full of Financial Benefits
A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents:
>>88% - a better chance of saving for retirement
>>87% - the best investment plan
>>85% - the chance to be better off financially
>>85% - the chance to build up wealth
Does homeownership actually give you a better chance to build wealth?
Last fall, the Federal Reserve released the Survey of Consumer Finances, which found that homeowners have forty times higher net worth than renters ($255,000 for homeowners compared to $6,300 for renters). The difference in net worth between homeowners and renters has continued to grow - according to CoreLogic, the equity held by...
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A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: