Joana Iliescu: Greater Equity in your Home 2018

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was then released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 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 family wealth.

Joana said, “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, for the several years in a row, Gallup reported that Americans picked real estate as the best long-term investment. Their results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.”

Joana continued, “We at ERA Justin Realty stress stability, a necessity for success in this world of real estate. We also provide buyer potential with stronger area advertising than any other real estate firm much of Bergen County. Full color page advertisements of our listings in North Jersey Newspapers brings an abundance of potential buyers to our agents for their buyers while giving our sellers strong marketing exposure.  We proudly are considered a real estate market leader by thousands of sellers and buyers since 1950 and plan to be the Realtor of choice to thousands more in the upcoming years.”

ERA Justin Realty is continuously honored as a ‘Top-100’ ERA firm worldwide and is the recipient of the ‘ERA Commitment to Excellence’ award.