07/28/2023
The National Association of Realtors recent report, "Wealth Gains by Income and Racial/Ethnic Group", showed that the average homeowner builds a net worth that is around 40 time higher than the net worth of the average renter. NAR Chief Economist Lawrence Yun call a monthly mortgage payment a "forced savings account". This is because once you own your home, that monthly mortgage payment goes into the equity of your home instead of paying a landlord. Stay tuned for more facts as we celebrate and educate in honor of !