Naples and across the US Home-ownership Still Vital to Build Wealth
According to the DAILY REAL ESTATE NEWS homeownership remains a major component to financial security and continues to be the largest asset of most households in the U.S. Primary residences account for a quarter of all household wealth, according to data from the Board of Governors of the Federal Reserve System’s Survey of Consumer Finances.
“Homeownership is a primary source of net worth for many Americans and is a crucial step in accumulating personal financial assets over the long term,”says Randy Noel, chairman of the National Association of Home Builders.
In the fourth quarter of 2017, households in the U.S. saw a record $14.4 trillion of equity in their homes. However, the homeownership rate in recent years has slipped below its 25-year average. In the fourth quarter, it was at 64.2 percent compared to its historical average of 66.3 percent.
To discuss how ownership of real estate can help you build wealth, please give me a call at 239-273-4006. I look forward to hearing from you and being of service.
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Naples And Across The US Homeownership Still Vital To Build Wealth - Naples and across the US Home
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