A Home is a Basic Expense; Not a Wealth-Building Vehicle.

“Homeownership is a path for building wealth in the U.S. The median homeowner had $254,900 in wealth in 2019, compared with $6,270 for the median renter, according to the Federal Reserve’s Survey of Consumer Finances.“’It’s a wake-up call,” said Gay Cororaton, senior economist and director of housing and commercial research at NAR. ‘Policies have to…

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