Rising home prices boost household net worth | #Chappaqua NY Real Estate

According to The Wall Street Journal, net worth of U.S. families hit $1.3 trillion in the second quarter as rising homes values and gains in the stock market lifted American’s balance sheets.

U.S. households’ net worth — the value of homes, stocks and other investments minus debts and other liabilities — climbed 1.8% to $74.82 trillion in the April-to-June period, according to a  Federal Reserve report released Wednesday. That is the highest level since records began in 1945, without adjusting for inflation.

Source: WSJ

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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