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Does buying a house help you build wealth? Yes — here's how.
Yahoo Finance· 2025-09-02 16:05
Buying a house is expensive, which leads some people to wonder whether it’s worth buying or if they should keep renting. However, the long-term benefits of owning a home can help you build wealth for yourself and future generations of your family. According to the most recent Federal Reserve data, the median net worth of homeowner households was $396,200 in 2022, nearly 40 times the median net worth of $10,400 for renter households. Read more: The best mortgage lenders for first-time home buyers Accumul ...