Most other measures of financial health also improved, with net worth hitting an all - time high on the
strength of rising home values and robust strong equity markets.
NAR's study examined intensifying or lessoning inequality by measuring the change in the number of owners and renters during the recent
period of rising home values.
Most people refinance for one of three reasons: Reduce their interest rate Reduce their monthly payment Convert some of their equity into cash Recently, however, equity has built up in millions of homeowners» properties thanks to three
years of rising home values.
In
times of rising home values, the investment in a home at least kept up with inflation, but with the new laws the government will tax you on that inflation.