A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.
In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.
Here’s how the results break down: The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):
The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:
“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”
Madison is more than just a zip code — it’s a lifestyle. Whether you want a loft in the city, a home in the ‘burbs, or a secluded cabin on wooded acreage, we’re here to help you find a place that feels like home.
MADISON LIFESTYLE
[email protected]
A: (608) 577-8318
W: (608) 212-2928
O: (608) 336-3311
ADDRESS 7633 Ganser Way Ste 101 Madison WI 53719
