The U.S. Homeownership Rate Is Growing
Abstract
More than half of the U.S. population live in a home they own, and the percentage is growing with time. Renters have a harder time in inflationary periods, because rents tend to rise along with inflation, whereas mortgage payments stay the same for homeowners with fixed-rate mortgages. With that growing equity, your net worth will increase as well. In fact, the median household net worth is roughly $300,000. The median net worth of a homeowner is almost 40 times that of a renter.
You can contact us to get more choices
