Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling
Pro Builder
DECEMBER 15, 2021
While some are swimming in equity, others are drowning in debt—and losing their homes as a result. In 2021, states like Virginia, Georgia, and New York reported the largest increases in foreclosures as property values appreciated between 18-21% while property taxes increased at an average of 9%,14% and 21%, respectively.
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