Homeowner’s Net Worth is 45x Greater Than a Renter's | Keeping Current Matters

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction:

Put Your Housing Cost to Work For You

Simply put, homeownership is a form of ‘forced savings’. Every time you pay your mortgage you are contributing to your net worth

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Welcome To The Cascade Team Joe Tunney!

Joe Tunney

  • Office: 1-800-509-6905 ext. 1115
  • Cell: 425-894-8230
  • Fax: 425-996-9520
  • joet@thecascadeteam.com

We are happy to welcome Joe Tunney to The Cascade Team! 

After 18 fantastic years in the car business for which my family is eternally grateful, I have joined The Cascade Team as a broker in the Seattle and Eastside communities I love so much. To everyone who has been so instrumental to my success, I am forever in your debt. Now it's time for me to chase my larger dreams and of course, it would be an honor to be of service to you now and forevermore. God bless and warmest regards from myself and my family to you and the loved ones in your life...Sincerely, Joe Tunney

Joe Tunney…

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By Joanna Kresge

There are between 3,500 and 4,000 home-based businesses in the 50,000-resident city. “It really is the American dream,” said Deb Sogge, executive director of the chamber. “Our home-based businesses are very eclectic and very interesting. We just have a lot of entrepreneurs here in Sammamish.”


Sammamish’s residential businesses include an Etsy store selling abstract paintings (Betty Krause Art) and an in-home wine cellar complete with tasting room (Fivash Cellars). Sogge said Sammamish’s proximity to large tech companies means the city boasts a high population of college educated, tech-savvy citizens (more than 70 percent of residents have at least a bachelor’s degree), which contributes to the quality of Sammamish’s home…

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$235,000 - 3424 Harborcrest Ct NW, Gig Harbor

   Bedrooms: 2
   Bathrooms: 2
   Sq. Footage: 1,243
   Year Built: 1986
   Garage Spaces: 2
   Type: Townhouse / Condo
   MLS® Number: 898290
OFFERED BY: PROPERTY DESCRIPTION:
  Laura Hodgson
Broker
425-223-1535
Schedule a Showing
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Fabulous location! Convenient living in this gated community of Harborcrest. Located in the heart of Gig Harbor, close to Gig Harbor waterfront, and Gig Harbor retail centers. Side by side style condo, updated kitchen with granite and stainless steel appliances and an…

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$540,000 - 35028 SE Swenson Street, Snoqualmie

   Bedrooms: 3
   Bathrooms: 2.5
   Sq. Footage: 2,410
   Year Built: 2008
   Garage Spaces: 2
   Type: Residential
   MLS® Number: 897856
OFFERED BY: PROPERTY DESCRIPTION:
  Matt Jensen
Branch Manager - Issaquah Highlands Office
206.909.8200
Schedule a Showing
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Build your future memories in this impeccable Deer Park home on the Ridge! Intelligent floor plan welcomes most discerning buyers with many upgrades - new carpet, interior paint, upgraded fixtures, kitchen with GE Cafe appliances, walk-in…

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$1,124,000 - 8027 228th St SE, Woodinville

   Bedrooms: 4
   Bathrooms: 3.5
   Sq. Footage: 4,400
   Year Built: 1997
   Garage Spaces: 4
   Type: Residential
   MLS® Number: 1788
OFFERED BY: PROPERTY DESCRIPTION:
  Shannon Woodcock
Real Estate Broker
206.484.5330
Schedule a Showing
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Stunning 1997 Custom Home in Sought-After North Wellington ~ 4,400 asf of light, bright OPEN-concept space features a true “heart of the home” w/massive island kit. w/quartz counters & tons of cabinets adjacent to fam rm & breakfast nook. Two story living room…

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$500,000 - 34612 SE Carmichael St, Snoqualmie

   Bedrooms: 3
   Bathrooms: 2.5
   Sq. Footage: 2,390
   Year Built: 2005
   Garage Spaces: 2
   Type: Residential
   MLS® Number: 897590
OFFERED BY: PROPERTY DESCRIPTION:
  Laura Hodgson
Broker
425-223-1535
Schedule a Showing
Request More Info
Lovely 3 bedroom Quadrant home in the heart of Snoqualmie Ridge. Immaculate condition, bright open floor plan, with a very large kitchen, spacious walk-in pantry, and sliding glass door access to your private back-yard seating area and patio. Beautifully landscaped garden…

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No matter if you are buying a home in this competitive market or looking to sell, The Cascade Team has you covered. From “Smart Search” which learns with you as your browse for homes to our PRIME Marketing program designed to stimulate high interest and multiple offers we have the information, technology solution and personal service designed to take your real estate experience to the next level!

School and community information is just as important as the right number of beds and baths when looking for a home and The Cascade Team has you covered. It's so important that we built school and community reports right into every listed property at our website.

For schools, we show you which ones are nearby and even how much they spend per student. 

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$550,000 - 868 3rd Ave NE, Issaquah

   Bedrooms: 3
   Bathrooms: 3.5
   Sq. Footage: 1,850
   Year Built: 2012
   Garage Spaces: 2
   Type: Residential
   MLS® Number: 897525
OFFERED BY: PROPERTY DESCRIPTION:
  Matt Jensen
Branch Manager - Issaquah Highlands Office
206.909.8200
Schedule a Showing
Request More Info
Too good to be true, like new, upgraded end unit, expansive 3 bed/3.5 bath townhome! Urban & modern style living tremendously located near everything in West Highlands Park! Impeccable condition, hardwoods throughout main with open concept, granite slab…

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"Master Builders Association Affordable Housing Council" Endorses Lake Washington, Issaquah and Everett School District Bond Measures


Bellevue, WA – The Affordable Housing Council (AHC) Board of Directors recently voted unanimously to endorse and provide financial support for the citizens’ campaigns backing the Lake Washington, Issaquah and Everett school districts’ bond measures that will be on the ballot in April.    Affordable Housing Council President Bonnie Geers of Quadrant Homes said of the votes, “The AHC’s decision to support these school bond measures reflects our strong desire to help ensure the Lake Washington, Issaquah and Everett school districts can keep pace with our region’s growth and continue to provide quality…

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