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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

A Homeowner’s Net Worth Is 40x Greater Than a Renter’s | Simplifying The Market

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market.

Every three years the Survey of Consumer Finances shows the breakdown of how owning a home helps build financial security. In the graph below, we see that the average net worth of homeowners continues to grow, while the net worth of renters tends to hold fairly steady and be significantly lower than that of homeowners. The gap between owning and renting just keeps getting wider over time, making homeownership more and more desirable for those who are ready.A Homeowner’s Net Worth Is 40x Greater Than a Renter’s | Simplifying The Market

Owning a home is a great way to build family wealth.

For many families, homeownership serves as a form of ‘forced savings.’ Every time you pay your mortgage, you’re contributing to your net worth by increasing the equity you have in your home (See chart below):A Homeowner’s Net Worth Is 40x Greater Than a Renter’s | Simplifying The MarketThe impact of home equity is part of why Gallup reports that Americans picked real estate as the best long-term investment for the seventh year in a row. According to this year’s survey, 35% of Americans chose real estate over stocks, savings accounts, gold, and bonds.

Today, there are great opportunities available for those planning to buy a home. The housing market has made a full recovery, and all-time low interest rates are giving homebuyers a big boost in purchasing power. If you’re ready, buying a home this fall can set you up to increase your net worth and create a safety net for your family’s future.

Bottom Line

To learn how you can use your monthly housing cost to build your family’s net worth, let’s connect so you have a trusted professional to guide you through the homebuying process.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
218 Center Street Daytona Beach FL 32117
New Listing - 4 hours on site
1 / 1
$439,000
3
BEDS
2
TOTAL BATHS
1,235
SQFT
218 Center Street Daytona Beach, FL 32117
Single Family Residence For Sale
- Active

Multigenerational Home Coming Soon! With 1882 Sqf of Living Space between the house and ADU, you will find the perfect blend of functionality and flexibility in this brand-new Kingston model home. Expertly crafted by local builder Elliot Meadows, kno

Listing courtesy of Glenn Moore of Local Living Realty Group
210 Center Street Daytona Beach FL 32117
New Listing - 5 hours on site
1 / 1
$449,900
5
BEDS
3
TOTAL BATHS
1,235
SQFT
210 Center Street Daytona Beach, FL 32117
Single Family Residence For Sale
- Active

Multigenerational Home Coming Soon! With 1882 Sqf of Living Space between the house and ADU, you will find the perfect blend of functionality and flexibility in this brand-new Kingston model home. Expertly crafted by local builder Elliot Meadows, kno

Listing courtesy of Glenn Moore of Local Living Realty Group
214 Center Street Daytona Beach FL 32117
New Listing - 5 hours on site
1 / 1
$439,000
3
BEDS
2
TOTAL BATHS
1,235
SQFT
214 Center Street Daytona Beach, FL 32117
Single Family Residence For Sale
- Active

Multigenerational Home Coming Soon! With 1882 Sqf of Living Space between the house and ADU, you will find the perfect blend of functionality and flexibility in this brand-new Kingston model home. Expertly crafted by local builder Elliot Meadows, kno

Listing courtesy of Glenn Moore of Local Living Realty Group

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Related posts:

  1. The True Cost of Not Owning Your Home
  2. A Great Way to Increase Your Family’s Net Worth
  3. Homeownership is the Top Contributor to Your Net Worth
  4. Millennials: Here’s Why the Process is Well Worth It.

Posted in: Blog, First Time Home Buyers, For Buyers, Rent vs. Buy

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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Latest Real Estate Information

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  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
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  • Is Wall Street Really Buying All the Homes?
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  • The Big Difference Between Renter and Homeowner Net Worth
  • Should You Sell Your House or Rent It Out?

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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