home. Moreover, The State of the American Homeowner report from Unison also stated: “While there are many financial benefits of homeownership, what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home.” Owning a Home Is a Building Block for Financial Success The benefits of homeownership extend beyond the emotional too. Purchasing your home is a cornerstone of achieving financial success. Homeownership is a cornerstone of achieving financial stability. But many people may not realize just how much owning a home contributes to their net worth. A recent NAR report details several homeownership trends and statistics, including the difference in net worth between homeowners and renters. It finds: “. . . the net worth of a homeowner was about $300,000 w t $300,000 while that of a renter’s was $8,000 in 2021. s $8,000 in 2021.”
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