Record Appreciation Is Sending Homeowner Wealth Soaring
Pro Builder
APRIL 19, 2023
As a result, more households were able to pay off their debts or refinance their mortgages, leaving homeowners with a net worth roughly 40 times higher than that of a renter. All of the top 10 areas with the largest wealth gains for low-income owners—with equity surpassing $290,000—were located in California.
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