Homeownership and Wealth Creation are Directly Related
Homeownership and Wealth Creation are very closely related. Homeownership is often called a “forced savings account.” In other words, equity is “deposited” into your homeownership account as you pay your mortgage and as values increase. Long-term homeownership has been shown to build wealth for households. The median homeowner realized $255,900 in wealth in 2019 compared to […]
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