Home equity numbers staggering, report says



California’s housing boom has

generated $1 trillion in increased

home equity since 2000, pumping

billions of dollars into the state’s

economy, according to a new report from the California Building

Industry Association.

The report, prepared by CBIA

Chief Economist Alan Nevin, also

found that for those who owned

their single-family home in 2000,

the median equity gain, exclusive

of down payment, was $230,386,

while condominium owners saw

their home equity increas...

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