Consumers Home

1. Historically, home owners’ net worth has ranged from 31 to 46 times that of renters.
2. A fixed-rate mortgage might not change for 15 to 30 years; rent typically increases 3% per year.
3. Every home purchased pumps $60,000 into the economy.
4. Home prices typically beat inflation by one or two percentage points.
5. Sixty percent of a homeowner’s wealth comes from their home’s equity.
6. The average homeowner’s net worth is $171,000…nearly 46 times that of a renter’s who has average net worth of $4,800.

HOUSINGMARKETFACTS.COM

LINKS FOR:

HOUSE LOGIC

ASSISTANCE FOR HOMEOWNERSHIP

WHAT THE REALTOR DOES FOR CONSUMER

REALTOR TERMS