Quick Finance Facts

Fort Collins FinanceHere are a few quick finance facts about the average financial situation of Americans nationwide:

  • 33% of Americans have $0 saved for retirement. – CNBC
  • 69% of Americans have less than $1000 in their bank account. – The Motley Fool
  • 78% of American workers live paycheck to paycheck. – Forbes
  • On average a smoker will spend $1-2 Million on cigarettes in a lifetime. – Money
  • The average American household has $137,063 worth of debt. – Debt
  • Home ownership in the U.S. is at a 50 year low to 63.1%. – Forbes
  • 87% of surveyed Americans say that home ownership is still part of the American Dream. – Benchmark
  • In 2013 the average homeowners net worth is $195,400, while the average renters was $5,400. – Forbes
  • The median sales price of a home in Fort Collins in May was 3.3% higher than it was during the same time last year. – IRES MLS Market Data

When you consider all of this, it makes sense that buying a home is one of the best financial decisions that you can make. Every mortgage payment you make is like paying into your own personal savings account and at the end of 15-30 years you will have paid off your largest asset. Just think what you are contributing to rent each month. If one continues to rent by the end of that same 15-30 years this amount will have increased exponentially, but as a homeowner you will be free of monthly payments to a landlord and will instead be paying yourself. Contact us today and let’s work together to start the process and find you the home of your dreams.