Biggest real estate story of 2013: Homeowners gain $2.2 trillion in equity

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Full Article at KPBJ.com

“The biggest story in American real estate in 2013 hasn’t gotten the attention it deserves, so let’s shout this out: Homeowners’ net-equity holdings soared by $2.2 trillion between the third quarter of 2012 and the third quarter of this year, according to new data collected by the Federal Reserve.

“This is a record rebound for a 12-month period.

“And it’s crucially important in personal-financial terms for hundreds of thousands of owners who’ve been underwater on their mortgages for years.”

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