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Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling

Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling

Houses in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade.

David Paul Morris | Bloomberg | Getty Images

Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices have pushed the the nation’s collective home equity to new highs.

The amount of money mortgage holders could…


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