A Decade of Wealth Buiding in 🇺🇸🏠

NAR’s latest study on housing wealth effect in 2010-2020:

• Housing prices increased on average 8.3% in the last 10 years,

• Almost doubles the average. 4.3% in the last 30 years.

• With the high price, homeownership drops.

• The North loses most middle-income households*.

• They move to the south, where the price is more affordable.

• The total housing wealth increased by $8.2 trillion in the last 10 years.

• With $5.8 trillion or 71% of the wealth, growth went to high-income households.

*NAR defines middle-income households as those with 80%-200% of median income in the local market.

Source:

National Association of Realtors® – Housing Wealth Gains for the Rising Middle-Class Markets, March 2022.