June is National Homeownership Month, an occasion well worth celebrating. That’s because families who own homes are able to acquire wealth, not just income. According to a 2014
Federal Reserve study, homeowners, on average, have a median net worth that is 36 times greater than renters--$195,400 for owners versus $5,400 for families that rent. Owning a home remains America’s best and most reliable path to economic opportunity.