How do we make real progress on the homeownership gap?

Secretary of Housing and Urban Development Marcia Fudge delivers remarks during a press briefing at the White House in Washington, U.S., March 18, 2021. REUTERS/Carlos Barria

First, let’s set the record straight. Homeownership is critical to wealth creation, especially for establishing intergenerational wealth in America. When looking at net worth, even considering the fact that there can be periods of volatility, the ability for Americans to own a home has proven to be the best method for establishing a financial reserve for passing onto the next generation and to tap into for other financial needs.

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