Helped buyers purchase in 2013 for 117,000 with $7000 in grants and closing costs. Resold in 2017 for $164,000.
“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.”
Jaw drop lately? 60 Minutes explains one reason for delays behind economic recovery.