Over the last five years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A recent study by the Federal Reserve formally answered this question.
Some of the findings revealed in their report:
Bottom Line
The Fed study found that homeownership is still a great way for a family to build wealth in America.
Gary Kennard
FindSaltLakeCityHomesForSale.com