Primary Residence Continues to be Largest Asset on Household Balance Sheets
According to data from the most recent Survey of Consumer Finances (illustrated by the NAHB’s Eye on Housing), one’s primary residence continued to be the largest asset on the balance sheets for households in 2019, accounting for nearly one quarter of all assets held by households as well as surpassing other financial assets. Indeed…
“The Survey of Consumer Finances (SCF) is a triennial cross-sectional survey of U.S. families published by the Board of Governors of the Federal Reserve System. It provides detailed information on the finances of U.S. families, including income, net worth, balance sheet components, credit use, and other financial outcomes. This post focuses on primary residences using 2019 data, as homeownership is an important component of household wealth accumulation.”
The post Primary Residence Continues to be Largest Asset on Household Balance Sheets appeared first on Real Estate Investing Today.