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The Power of Homeownership

  • Writer: Matt Elakatt
    Matt Elakatt
  • Jun 30
  • 1 min read

Homeownership remains one of the most powerful tools for building wealth and creating opportunities for future generations.


  • Children raised in homeowner households are 18.4 percentage points more likely to become homeowners by age 35.

  • Buying a first home by age 30 is associated with a 22.5% higher net worth by age 50—an average increase of $119,000.

  • An estimated $124 trillion in wealth is expected to transfer between generations over the next two decades, much of it tied to home equity.


While Chicagoland hasn't seen the dramatic price increases of some coastal markets, that's part of its appeal. Chicago-area home values have roughly doubled since 2000, providing steady appreciation and long-term wealth-building potential.


Whether you're buying your first home, planning your next move, or helping the next generation achieve homeownership, real estate can be one of the most impactful investments you'll ever make. If you're wondering what opportunities exist in today's Chicagoland market, let's connect.


 
 
 

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