Every three years, the Federal Reserve conducts theirSurvey of Consumer Financesin 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% increasesince 2013. At the same time, the median net worth of rentersdecreased 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,Gallupreportedthat 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.
Author:Angela Cotten Phone: 817-470-0081 Dated: October 12th 2017 Views: 320 About Angela: Results, Integrity, Attitude & Honesty. If superior representation with a caring touch is what you ...
Keisha's goal is to provide a level of customer service that builds a long-lasting relationship and not just a one-time transaction with her clients. She believes that buying a home is one of the most important purchases we do in our lifetime. She carefully listens to her clients, being sure to understand their wants and needs. Keisha’s knowledge, experience, and understanding the nature and complexities of each real estate transaction are the keys that differentiate her from other agents. Friendliness, honesty, integrity and market knowledge round off her skill-set to make every real estate transaction as smooth as possible.
Keisha says, "I LOVE, LOVE, LOVE my clients and I LOVE helping them find THEIR home, making informed decisions and providing them with impeccable service.”
McKinney has been home to Keisha and her family for over 20 years. Her roots run deep in Collin County giving her a leg up on understanding the area and guiding her clients as they chose where they would like to live.
As a wife, mother of 3 and a former teacher Keisha understands how to develop a plan that focuses on her clients individual needs, educating, guiding, advising and opening the appropriate doors for them to meet their housing wants and needs. If North Texas / Collin County is the place that you want to call home, let Keisha show you why her clients call her a dear friend after working with her!
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"Dear Keisha York,
We just wanted to send a HUGE THANK YOU for making selling our house a painless process! We were put to ease with how knowledgable and calm you were and made us feel through the whole process. We were also impressed with the marketing tools utilized including but not limited to all the websites for home searches. It was everything we would have used for a home search and some we hadn't even thought of. You and your wonderful photographer made our house look like a model home and that showed through the multiple offers that came in less than 3 days on the market!! Our house had a solid offer that was seen to fruition before the coming soon sign even came out of our yard!! Keisha, you have a customer for life and we would easily recommend you to all our friends and family!!
With warmest regards to you and your family"