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NAR Study: Majority of Metro Areas Experiencing Widening Inequality

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WASHINGTON (May 7, 2015) – Rising home prices in many metro areas have helped homeowners build housing wealth in recent years, but the continued decline in homeownership means the gains are going to fewer people and likely leading to worsening inequality in the U.S., according to new research from the National Association of Realtors®.

NAR reviewed data on homeownership rates1, changes in single-family median home prices and a measure of inequality (the Gini Index) between 2010 and 2013 to estimate wealth and income… Read More

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