The National Association of REALTORS® (NAR) report highlights the significant wealth gap between homeowners and renters. Middle-income homeowners have seen a 68% increase in property value, accumulating an average of $122,100 in wealth over the last decade.
The report emphasizes the financial advantages of homeownership, with homeowners benefiting from a 21% reduction in debt and substantial equity gains. Additionally, metro areas, particularly in California, have been identified as hotspots for substantial wealth gains from homeownership.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
