How Owning a Home Builds Your Net Worth
Abstract
A report from the National Association of Realtors (NAR) details several homeownership trends, including a significant gap in net worth between homeowners and renters. The net worth gap between owners and renters exists in large part because homeowners build equity. When you own a home, your equity grows as your home appreciates in value and you make your mortgage payments each month. As a renter, you don’t have the same opportunity. If you’re ready to start on your journey to homeownership, connect with a trusted real estate advisor today. For more information, connect to a real estate expert today, visit the National association of Reautors (RAR) or the National Realtor, or the NAR.
