By: Jessie Conners, The "Apprentice"
Real Estate is one of the largest sectors in the economy, providing millions of Americans with jobs, and generating billions of dollars of economic output each year. Single and multi family new construction and remodeling accounts for 4% of the Nation's total economy alone! The housing sector as a whole is responsible for a total 15% of the economy.
For the individual, homeownership is an important source of wealth building and vital portion of achievement of "The American Dream". The primary investment to many Americans is the ownership of a Single Family Residence, yet beyond economic measure, homeownership provides many intangible benefits to society.
A survey published in 2001 by the Federal Reserve reported that the net worth of homeowners was $171,700, yet for renter only $4800. Homeownership has provided individuals with a source for shelter, but also an accumulation of wealth for the future. Consumer spending in the REAL economy is initiated by the rise and fall of equity, derived from the stock market or homeownership. But, the incredible exposure on the real estate market and the rise in expenditures is outshining the collapse in wealth in the stock market.
Important to the Nation's Economy, providing balance in wage, taxes, wealth, and in employment, Real Estate is worth the exploration. Through this interactive website our Wealth Mentors are excited to encourage, inspire, and educate through unique investment of The American Dream.
