By Carrie Struss, August 22, 2019
Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.
The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.
Owning a home is a great way to build wealth
As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.
That is why Gallup reported Americans picked real estate as the best long-term investment for the sixth year in a row. According to this year’s results, 35% of Americans chose real estate. Stocks followed at 27%, then savings accounts and gold.
Bottom Line
If you want to find out how you can use your monthly housing cost to increase your family’s wealth, let’s get together to help you through the process.
Carrie Struss
Broker | OR & WA
She/Her
Carrie brings eight years of experience as a Licensed Broker in Oregon and Washington, combining her industry expertise with an eye for detail honed through her degree in Commercial Photography.
Her career began with one of her proudest accomplishments: relocating to New York straight out of college to work as a photo producer, where she never settled for an entry-level mindset. It is this same tenacity that has helped make her the top producing agent at Living Room Realty in the Vancouver, WA area since 2021. This accomplishment is a testament to her unwavering commitment to client success.
Throughout her career, Carrie has had the privilege of assisting over 100 homeowners achieve their real estate goals. What sets Carrie apart as an agent is her empathetic approach, ensuring that every client feels heard and understood throughout the buying or selling process.
Carrie has lived in the Pacific Northwest since 2017, though she’s been visiting the area since her teenage years. Beyond her professional life, Carrie finds peace and joy in nature, spending summers by the river and winters in Hawaii. Amidst her successful career, Carrie's greatest joy is her son Jack, who brings boundless love and inspiration to her life.
As your agent Carrie will…
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- help get your home (and emotions) ready to sell, then sell your home.
- find you a new home complete with (fill in the “must have” blank).
- facilitate the transaction making sure everyone does what they need to do and has what they need to do it.
- negotiate tenaciously for you.
- educate you on the daunting, overwhelming, and at times stressful process.
- remain calm, always.
- keep you focused on your goals.
- pay attention to every detail.
- show up.
- effectively communicate in the way that works best for you.
- uphold Living Room Realty’s values and what they mean to her.
- T: 503-953-0850
- carrie@carriestruss.com
