Homeowners continue to enjoy price gains.

According to Lawrence Yun, chief economist for the National Association of Realtors® (NAR), a typical homeowner in the U.S. saw his or her housing wealth increase by $9,500 over the past year.  Yun commented in NAR’s first quarter report on existing home sales that the quarter had been beneficial to homeowners as “the majority of markets are continuing to enjoy price gains, albeit at a slower rate of growth.”

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