Post-Pandemic Housing Boom Increased Wealth for Homeowners but Made Homeownership Less Accessible for Others
The post-pandemic housing boom significantly increased wealth for homeowners, with median net housing value rising 44% from 2019 to 2022. However, the same market made homeownership less accessible for non-owners, with the median home value-to-income ratio reaching a record high of 4.6x in 2022. This created a stark divide in financial outcomes between existing homeowners and those without homes.
Topics: economic disparity Federal Reserve homeownership housing market wealth inequality