What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Steve Goodman, Realtor, Broker Associate

Find Your Next Home











Steve Goodman, Realtor, Broker Associate

Pinnacle Estate Properties, Inc.

A Great Way to Increase Your Family’s Net Worth

August 19, 2019


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, meet with a real estate professional in your area who can guide you through the process.


Tags:

Featured Listings

sold
Sold for $1,510,000 , 4+4 Sand Canyon, House + Guest House+ Barn + Horse Arena+Backyard Pool/Spa/Waterfall, Fire-pit, Built-in BBQ, Sports Court with Majestic Gated Driveway in Amazing Scenic Community, Panoramic Views, A Must See!
$1,510,000
sold
4
beds
4
baths
5,129
Sq Ft
sold
Must see this beautifully Upgraded and impeccably maintained Valencia end of Culdesac Today Tract home situated close to award winning schools, shopping, restaurants. Enter this Spacious 1624 sq ft, 4+2 model w/Newer Vinyl Dual Pane Windows throughout+ +
$619,900
sold
4
beds
2
baths
1,624
Sq Ft
sold
* SPECTACULAR View Home situated atop prestigious Gated West Hills-Valencia offering Master Balcony and Breathtaking Unobstructed Panoramic View on Premier Lot, Built-in Spa and Cascading Waterfall, Private Side Yard & over $90k in upgrades. 1st Floor Bdm
$749,000
sold
4
beds
4
baths
2,502
Sq Ft
listed
MUST SEE-Amazing Private Hillside on over 1/2 Acre Lot, Upgrades, Spacious Floorplan. See Tour.
$549,900
listed
2
beds
2
baths
891
Sq Ft

Recent Posts

Get Started!