NAR Report: Inequality Increasing
The National Association of Realtors conducted research on inequality by comparing homeownership rates and home prices in 100 U.S. metro areas.
Ilyce talks with NAR’s Director of Housing Statistics, Danielle Hale, about the implications of these research findings. They show homeowners reaping the gains of rising home values, but they also show a concurrent drop in homeownership rates. These trends are concentrating wealth in the hands of fewer people, resulting in rising inequality. Check out this episode of Big Money Real Estate for more details.