Homeowners trump renters in wealth

Posted by Keene's Pointe Realty on Thursday, October 22nd, 2015 at 11:58am.

NEW YORK – Oct. 20, 2015 – Homeowners' net worth is significantly higher than renters. A typical homeowner's net worth is $195,400 compared to a renter's $5,400, according to the Federal Reserve's last data from 2013.
The Fed's next survey of household finances, which is conducted every three years, is due out in 2016 and the renter to homeowner gap is expected to widen further due to price increases. To read more click here 

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