Total housing wealth rose $8.2 trillion from 2010 through 2020, with 6.3 million more new homeowner households. A homeowner who purchased a typical single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth.

NAR found that during those 10 years, nearly 980,000 middle-income households became homeowners. Within that time frame, total housing wealth for this income group surged by $2.1 trillion.

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