The total equity homeowners hold reached $35.1 trillion, an increase of $1.7 trillion from last quarter and a $3.1 trillion increase from the prior year.
It continues to mark a striking contrast to earlier periods; while concerns persist regarding housing market affordability, today's households have a markedly different equity position.
The value of all homes owned reached $48.2 trillion, marking the highest total home values ever recorded, approximately $1.8 trillion increase from last quarter.
Buying a home is unaffordable for many, but owning a home currently makes one rich on paper—highlighting the disparity in wealth accumulation.
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