The Key Advantage of Investing in a Home
Buying a home is a major way to build wealth and gain financial stability. That's why the largest part of most homeowners' net worth is their equity.
Homeownership is the largest source of wealth among families, with median value of financial assets held by families. Housing wealth (home equity or net worth) gains are built up through price appreciation and by paying off the mortgage. - NAR
And according to data from First American, this holds true across different income levels.
One of the biggest benefits of owning a home is that it provides financial stability and an avenue to build wealth. Let's connect today so you can start investing in homeownership.