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Prices, inflation make buying a home difficult, but owning is still the key to wealth




Prices, inflation make buying a home difficult, but owning is still the key to wealth

  • Home ownership is the key to building wealth, even though high prices have made buying difficult.
  • Younger adults have delayed home purchases compared to previous generations.
  • Extending the loan criteria and offering prepayment assistance can help first-time buyers

When Summer Wrenn moved home to North Carolina, she was thinking of buying a house.

“I grew up with my mother and her husband, and they never owned a home, and I’ve always had a dream about it,” said Wrenn, 20, who moved from New Jersey in the fall of 2021.

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