Wealth
Wealth Builders
Some developers of color are working to whittle away at the racial homeownership gap. But change is needed in the way projects are awarded and incentivized. www.nar.realtor – Fair Housing
Metro Area Wealth Gains as of 2021 Q2: Typical Gain of $349,000 Over 30 Years
Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time, and is built up by price appreciation and paying off the mortgage. www.nar.realtor – Research
Rising Financial Wealth Boosts Demand for Vacation Homes
Many homeowners buy a second home expecting to use it for family vacations, as a rental, to gain equity, or – upon retirement – a future primary residence. www.nar.realtor – Vacation, Resort, and Second Homes