US Housing Market Equity Continues to Grow
The total debt of the US Housing Market has continued to remained stable while the amount of equity has continued to grow. According to an Urban Institute report the total value of the US housing market is $25.1 Trillion with $14.7 Trillion of equity. This equity may be tapped for home improvement as the age of the US housing stock continues to increase (37 years in 2015 versus 31 in 2005).
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