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More Americans Became Equity Rich During the Pandemic

Pro Builder

More Americans Became Equity Rich During the Pandemic. As home prices reach record highs, more homeowners are gaining significant equity, meaning that some can even sell their homes for twice the amount they owe on their mortgages, according to Realtor.com. of homes with equity in the United States were equity rich compared with 28.3%

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Record Appreciation Is Sending Homeowner Wealth Soaring

Pro Builder

Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.

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Quarter of Wealth Gap Between Latino-White Households Comes from Housing

Pro Builder

Quarter of Wealth Gap Between Latino-White Households Comes from Housing. A quarter of the wealth gap between white and Latino households stems from housing wealth disparities, reports Zillow. White households have nearly 50% more wealth than Latino, and much of that boils down to housing disparities. cbroderick. Read More. .

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Rent or Buy? Here Are the Markets Where It’s Cheaper to Do Both

Pro Builder

Renters and buyers are searching for even ground as prices in both markets reach record peaks and nationwide housing supply dwindles. Homeownership is the better option in roughly three-quarters of the 100 largest metropolitan areas, especially with the added bonus of building equity. Housing Markets. Housing Markets.

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Out-Of-Town Buyers Are Flocking to Philadelphia With Big Budgets, and Locals Can’t Keep Up

Pro Builder

Cash-strapped out-of-town buyers backed by coastal salaries and equity wealth are flocking to Philadelphia to purchase affordable homes, and locals can’t compete. Even though the housing market has slowed, the share of homebuyers moving to different parts of the country has not,” said Redfin Deputy Chief Economist Taylor Marr.

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Cities Where Homeownership is More Affordable Than Renting

Pro Builder

While renting offers flexibility and convenience, homeownership begins equity and can offer lower taxes. Renter-friendly cities populate California, while the Midwest is better for buyers. San Francisco, California is the first of three Bay Area cities in the top five of this study. Housing Markets. Housing Markets.

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Award-winning civic design firm RossDrulisCusenbery joins DLR Group

BD+C

Award-winning civic design firm RossDrulisCusenbery joins DLR Group DLR Group today announced the acquisition of Sonoma, California based civic and public safety design firm RossDrulisCusenbery (RDC). Architects DLR Group today announced the acquisition of Sonoma, California based civic and public safety design firm RossDrulisCusenbery (RDC).

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