Homeowners have equity in their homes, but it’s getting more expensive to tap

Rising home prices and rents have created an affordable housing crisis for many low-income Americans, but for homeowners who survived the crisis or bought their homes a few years ago, it’s leading to a different outcome—additional wealth.

Homeownership has long been a vital wealth-building tool for middle-class Americans, and with a housing shortage pushing prices ever upward, homeowners have more and more untapped equity in their homes.

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