If you look back through history, even back to biblical times, there have been two main ways for people to accumulate wealth: Through acquiring precious metals or real estate. While the precious metals wealth basket has evolved, property, as a store of wealth, has largely remained the same.
In modern times, owning property — for example, a home — has become an aspirational goal for most Americans. So much so that owning a home is now an integral part of the classic American Dream.
From rural farmhouses to urban high-rise condos, Americans, for generations, have parked some or nearly all of their wealth in their homes.
Given the emotional significance of the American Dream, the housing market gets substantial attention in the media. As someone who has covered