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Low-income owners’ home values have increased by 75% since 2012

Housing Wire

Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. The highest median home value was among Asian Americans at $521,620.

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Has COVID Impacted Where We're Moving From/To?

Eppraisal

These examples tend to bracket the other states in the union, many of which are moderated versions of one side or the other. These states also see the steepest rises in home value as opposed to New England, Michigan and California where home value is expected to drop. What about the Economy?

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We believe the bill won’t come due in 2021 and potentially not in 2022 either. 38% of homes bought and resold within 5 years in Houston have lost money for their owners on a net basis.