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    Homeowner’s Net Worth is 45x Greater Than a Renter’s

    Homeowner’s Net Worth is 45x Greater Than a Renter's | Keeping Current Matters

    In a Forbes article the National Association of Realtors’ (NAR) Chief EconomistLawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

    The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction:

    Homeowner’s Net Worth is 45x Greater Than a Renter's | Keeping Current Matters

    Put Your Housing Cost to Work For You

    Simply put, homeownership is a form of ‘forced savings’. Every time you pay your mortgage you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

    The latest National Housing Pulse Survey from NAR reveals that 85% of consumers believe that purchasing a home is a good financial decision. Yun comments:

    “Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth. The simplest math shouldn’t be overlooked.”

    Bottom Line

    If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, meet with a real estate professional in your area who can guide you through the process.

    Get to know our agents at ShookHomeGroup.com to see who you want to work with Today!

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    Burgandy Poynter

    Hi! My name is Burgandy and I’m the Listing Manager for the Shook Home Group. I was born and raised in Texas and LOVE exploring what the beautiful Pacific Northwest has to offer! My husband and his military career brought me all the way across the country and I couldn't have picked a better place to land! From start to finish, my goal is to make sure that we are exceeding our personal marks in getting your home the best marketing exposure that it can. I enjoy connecting with my clients, learning more about them and helping them reach their goal of getting their home sold! Your home is a very important financial part of your life and with me by your side, you can rest assured that it is in good hands: We will treat it and cherish it as our very own!!

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