By Ari Chazanas
When it comes to investing, few sectors offer the level of profitability and stability that residential real estate does. For first-time investors, this venture can be a powerful tool to generate income and accumulate wealth.
The real estate market, particularly the residential sector, has consistently proven to be a solid investment choice. According to the Federal Reserve’s report on consumer finances, the primary residence accounts for about one-quarter of all wealth among U.S. households as of 2020. Additionally, a study by the National Association of Realtors found that in 2020, despite the challenges of the global pandemic, the median sales price of houses sold in the United States still saw an increase of 6.7 percent. These stats underline the remarkable resilience and profitability of the residential real estate market….