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
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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