Many studies indicate that homeownership is an important part of the American Dream across all generations that Americans belong to.
For Americans approaching the age of retirement, homeownership is one of the greatest factors that has added to their net worth, simply by paying off their mortgage!
Homeowners over the age of 65 are much more financially prepared for retirement and often own their homes outright if they were fortunate enough to purchase their homes before the age of 36.
Their 30 years of mortgage payments have paid off as they gained equity through their monthly payments and as home values appreciated.
It is no surprise that lifelong renters have had a hard time accruing net worth vs. long-term homeowners.
Let the Bright Home Group of Keller Willams Realty assist you in achieving a higher net worth through homeownership.