The Wealth-Building Power of Homeownership: A Decade of Soaring Prices and Increased Values.

Homeowners in the US became 40 times wealthier than renters in the past decade, with the median-priced home gaining $190,000 in value, according to a report by the National Association of Realtors. Low-income homeowners built $98,900 in wealth, while middle-income and upper-income homeowners accumulated $122,100 and $150,800 in wealth, respectively. The report also found that Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, while Asian homeowners accumulated the most wealth gains in the past decade, followed by Hispanic Americans.