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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.

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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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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.

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Homebuying Activity Returns as Inventory Increases

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million housing starts in June and nearly half of all metros the NAR tracks issued more single-family permits than its historical average. For instance, in the last decade, the typical homeowner accumulated more than $120,000 in equity due to price appreciation. June housing inventory was up 3.3% There were 1.6 Respectively, 8.1%3

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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.

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All-Cash Purchases Made Up One-Third of Home Sales in July

Pro Builder

As a result, the metro areas with the highest share of all-cash purchases are also home to some of the most affluent buyers in the country. Three of the five metro areas with the most all-cash home purchases were located in Florida, and Hampton buyers also made Long Island a hotspot for cash purchases in July. New-Home Sales.

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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

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