Homeowner net worth 41 times renters'

Homeowner net worth 41 times renters'

November 18, 2010 03:30PM

Has the path to homeownership become more treacherous? Perhaps, if a study on homeownership and net worth from the Federal Reserve Survey of Consumer Finances is to be believed. While the median net worth of homeowners was 31 times that of the "typical renter" in 1998, the report shows that that figure climbed steadily over the years, with median net worth among homeowners 46 times that of renters in 2007. While that amount has likely declined somewhat since the real estate market downturn, the National Association of Realtors estimates homeowner net worth is still 41 times that of renters, today. TRD

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