article thumbnail

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.

article thumbnail

Single-Family Homeowner Wealth Reaches $225,000 Over 10-Year Period

Pro Builder

Homeowners who purchased a single-family existing home 10 years ago could rake in significant home equity gains in an elevated seller’s market. In 97% of 182 metro areas across the United States, home prices rose faster than wages over a 5-year period. Single-Family Homeowner Wealth Reaches $225,000 Over 10-Year Period.

Equity 105
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Metros With the Highest Home Value Growth

Pro Builder

Metros With the Highest Home Value Growth. Homeownership provides buyers with equity and a long-term investment that could have a great payoff when it comes time to sell, as long as they’re buying in an area where the homes’ value will grow. metro area for growth and stability in the housing market. cbroderick. Midland, TX.

Metro 52
article thumbnail

Boulder Homes Increased by $107 a Day for the Last Decade

Pro Builder

Colorado homeowners are raking in significant equity, but they're not the only ones benefitting from a decade of record home price appreciation across the U.S. Over the past 10 years, homeowners in Boulder, CO saw equity gains averaging $107 a day, and other mid-sized metros like Naples, Fla. Thu, 10/13/2022 - 10:50.

article thumbnail

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers

Pro Builder

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers. times the median first-time home buyer income, and many inaugural buyers were also priced out of the housing market by older competitors backed by existing equity. . Mon, 12/06/2021 - 16:25. Average quarterly home prices were listed at 5.3

Metro 52
article thumbnail

U.S. Cities Tackle Energy Efficiency in 2021

Pro Builder

Here are top metros practicing energy efficiency across the U.S. metros making significant strides toward energy efficiency. The West Coast dominated the list of energy efficient cities with four California metros in the top 10. For the full list of energy efficient metros …. Cities Tackle Energy Efficiency in 2021.

article thumbnail

Rent or Buy. The Biggest Deciding Factors in Today’s Housing Market

Pro Builder

Across the 50 largest metro areas in the U.S., the average renter pays about 40% less per month than a first-time homeowner, and in December 2022, it was cheaper to rent than buy in 45 of those metros, CNBC reports. You will build equity in the home over the long term, and renting a house is really just throwing money out.”

Housing 52