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. For example, in the San Jose metro area, low-income earners have accumulated nearly $630,000 over the last 10 years while middle-income earners gained $643,000.
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