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homeowner and renter net worth

The Net Worth Difference Between Homeowners and Renters

When it comes to building long-term wealth, the homeowner and renter net worth gap is staggering. According to the Federal Reserve, the average homeowner has a net worth of about $396,500, while the average renter’s net worth is just $10,400. Why is the difference so massive? Every mortgage payment a homeowner makes builds equity—essentially, their […]

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How Much Home Equity Have You Gained? The Answer Might Surprise You

How Much Home Equity Have You Gained? The Answer Might Surprise You

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner? As home values rise, so does your net worth. And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more

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Is Your House the Top Thing on a Buyer’s Wish List this Holiday Season?

Is Your House the Top Thing on a Buyer’s Wish List this Holiday Season?

This time every year, homeowners who are planning to move have a decision to make: sell now or wait until after the holidays? Some sellers with homes already on the market may even remove their listing until the new year. But the truth is, many buyers want to purchase a home for the holidays, and your house

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Are the Top 3 Housing Market Questions on Your Mind?

Are the Top 3 Housing Market Questions on Your Mind?

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that

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