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June 8, 2018

Home equity boosts U.S. household wealth to $101T

  • About 64 percent of Americans own their homes, down from a peak of about 69 percent in 2005.
    AP Economics Writer

    WASHINGTON — Increased home prices boosted U.S. household net worth 1 percent in the January-March quarter to crack $100 trillion for the first time.

    The Federal Reserve said Thursday that home values rose $500 billion, offsetting a decline in stock portfolios of $400 billion. Overall household wealth rose to $100.8 trillion from $99.7 trillion in the October-December quarter.

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