Homeownership is Key to Household Wealth
According to the 2016 Survey of Consumer Finances (SCF), nationally, the primary residence represents the largest asset category on the balance sheets of households in 2016. At $24.2 trillion, the primary residence accounted for about one quarter of all assets held by households in 2016, surpassing other financial assets (20%), business interests (20%) and retirement accounts (15%).
How Much More Will Buyers Pay for a Mortgage?