Little-known facts about home equity

Dona DeZube of houselogic and the National Center for Real Estate Research have released some interesting facts about home ownership and how it could mean more money for you. 

•       6 out of 10 Americans have more home equity than stock equity

•       One-fifth of Americans’ total net worth is home equity

•       Homeowners accumulate an average of $167,000 over the course of their lifetimes compared to $42,000 for renters

•       American homeowners earning less than $20,000 a year have a median wealth that is 81 times greater than that of renters with a similar income

What do these facts tell us? Owning a home and paying a mortgage will earn you more money in the long run than renting or investing in stock equity.

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