In the last decade, a surge in home prices has built considerable wealth for the middle class.

Carmen Reinicke@CSREINICKE Total housing wealth grew by $8.2 trillion between 2010 and 2020, according to a March report from the National Association of Realtors. The coronavirus pandemic’s housing boom added even more value to homes. But unless people plan to sell their houses — which can be a difficult feat in a hot housing market — thereContinue reading “In the last decade, a surge in home prices has built considerable wealth for the middle class.”

REAL ESTATE

Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling PUBLISHED MON, JUN 6 20223:03 PM EDTUPDATED MON, JUN 6 20224:24 PM EDT Diana Olick@IN/DIANAOLICK@DIANAOLICKCNBC@DIANAOLICK The amount of money mortgage holders could pull out of their homes while still keeping a 20% equity cushion rose by an unprecedented $1.2 trillion inContinue reading REAL ESTATE