Tag: home equity
While COVID was raging, the jump in house prices and a rising stock market were dramatically improving U.S. workers’ retirement finances. But the news is not quite as good as it appears, because the increase in house prices in 2020 through 2022, which continues today, was the largest single reason for the improvement. Yes, Americans…
Homeowners nearing retirement have 40 percent of their wealth tied up in their homes. But to what extent do racial disparities in employment affect workers’ ability to hold on to a home and build up that wealth? This question is at the heart of an ambitious study of U.S. homeowners that digs into whether stab…
