Homeownership builds wealth. National Association of Realtors’ (NAR) Economists’ Outlook Blog revealed in a recent post: “Housing wealth contributes positively to the homeowner’s and children’s economic condition, because home equity can be tapped for expenditures such as investing in another property (which can generate rental income), home renovation (which further increases the home value), a child’s college education, emergency or major life events, or expenses in retirement… Housing … [Read more...]