Homeowners gain $8.2 trillion in housing wealth over 10 years
From 2010 to 2020, middle-income households gained $2.1 trillion in housing wealth, according to a new study by the National Association of Realtors, released on Wednesday. NAR’s Housing Wealth Gains for the Rising Middle-Class Markets study examined the distribution of housing wealth between 2010 and 2020 across income groups in 917 metropolitan and micropolitan areas. The vast majority (71%) of the $8.2 trillion in housing wealth generated during this time period belonge