Hope Leitner, Realtor®, CRS

  Homeowner Net Worth Has Skyrocketed If you’re weighing your options to decide whether it makes more sense to  rent or buy  a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the  Federal Reserve Board  releases the  Survey of Consumer Finances  (SCF). That report covers the difference in net worth for both homeowners and renters. Spoiler alert: the gap between the two is significant. The average homeowner’s net worth is almost 40X greater than a renter’s.  And here’s the data to prove it ( see graph below ): The Big Reason Homeowner Net Worth Is So High In the  previous version  of that report, the net worth of the average homeowner was roughly $255,000 and that of the average renter was $6,300. But in  the release  that just came out this year, the gap widened as homeowner net worth climbed dramatically. As the  Survey of Consumer Finances  (SCF) report  says : “. . . the 2019-2022 growth in median net worth wa

    October 2023 We are shifting into the traditional "slow" season for real estate but that doesn't mean it's slow for me. I have a new listing coming up next week! Which is always great!    Whether you own a home or you are looking to buy or sell one, here are the latest Good to Know articles for when you’re ready to take the next step in finding your Forever Home.   October - Ponder this,  - "There is no season when such pleasant and sunny spots may be lighted on, and produce so pleasant an effect on the feelings, as now in October." — Nathaniel Hawthorne - San Diego may not have the autumnal romance of New England, but the light is shifting, the sunsets seem more golden and the evenings are earlier. It’s not dramatic like the rest of the country - but, it’s our own beautiful change of season.    As always, I am here for you, your family, and friends.   Your Forever Agent,    Hope Leitner, CRS, CalDRE #01874321 Hope Opens Doors   Berkshire Hathaway HomeSe