According to the most recent US Federal Reserve Survey of Consumer Finances:
Median homeowner net worth: about $396,000
Median renter net worth: about $10,400
That means homeowners are almost 40x wealthier than renters #Mondaymotivations#HomeBuyers
Average age for Americans to buy first house reached a record high of 38. The pro's of buying a home earlier in life? Building equity early/forced savings. Predictable housing costs (no annual rising rents). Tax perks. Freedom of expression & 10x more likely to be millionaire
sellers now outnumber buyers by a wide margin, something we haven’t seen in over a decade. With fewer buyers in the market, price cuts and seller concessions are becoming more common
#RealEstate
Survey: Newlyweds Ask for Down Payment Help | LendingTree - We surveyed 1,050 U.S. newlyweds to learn how couples balance homebuying and wedding planning. Here’s a closer look. lendingtree.com/home/mortgag…
Presenting Hometown Heroes this week in Las Vegas at the Fathom Summit. Come by and see me at the booth if you are local. Ask me how I can get you the absolute lowest mortgage rate for first responders and veterans.