Why Homeowners Are Winning

Source: Lawrence Yun   • Chief Economist at National Association of REALTORS®

Homeowners have done super well. Over the past 5 years a net housing equity gain of $15 trillion to those owning a property. 

Some may focus on rising mortgage debt, which has risen in recent years though by far smaller amount than home valuation gains (see graphs below). Some, particularly in the media may continue to drum up stories about a housing bubble to say don’t buy a home or renting forever is fine. But the undeniable fact is that American prosperity and American financial success go hand-in-hand with ownership.

Congratulations to REALTORS(r) in making this happen. A survey of recent homebuyers showed more than 90% work with a REALTOR(r).

When you look at the numbers, it’s hard not to feel encouraged. A $15 trillion gain in housing equity over just five years is a powerful reminder of what homeownership can accomplish. While it’s easy to get distracted by headlines focusing on rising mortgage debt or fears of a housing bubble, those stories often miss the bigger picture. Home values have grown far beyond the increase in debt, and that matters.

Homeownership has always been about more than just a place to live—it’s about stability, opportunity, and long-term financial progress. Time and again, owning a home has proven to be one of the most reliable paths to building wealth in America. The results speak for themselves.

It’s also worth recognizing the role REALTORS® play in this success. With more than 90% of buyers choosing to work with a REALTOR®, it’s clear that trusted guidance helps people make confident, informed decisions. This isn’t luck—it’s the result of thoughtful planning, professional support, and the enduring value of homeownership.