(This is why it needs to come down.....and it will! - CL)
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https://www.wsj.com/economy/housing/american-home-equity-wealth-costs-982e79a4 | The extra half a million dollars seemed to come so easily—on paper, at least. In 2021, Nikole Flores and Rocco Savage bought an 1,800-square-foot home in Miami Shores, Fla., for $875,000. The ... www.wsj.com |
Home equity has climbed nearly 80% since early 2020—up from $19.5 trillion—thanks to a turbocharged rise in house prices. That was about twice the rise in financial wealth including stocks and bonds as of the end of 2024, according to the Federal Reserve.
