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Philly-area homeowners are building wealth quickly, thanks to rising prices

Homeowners who bought a typical home 5 years ago gained $110,000 in wealth. Those who kept their home 30 years nearly tripled that.

The potential financial benefits of home ownership become social benefits, “enabling the next generation to step up the economic ladder,” said Gay Cororaton, senior economist at the National Association of Realtors.
The potential financial benefits of home ownership become social benefits, “enabling the next generation to step up the economic ladder,” said Gay Cororaton, senior economist at the National Association of Realtors.Read moreJohn Minchillo / AP