Pursuits
Americans' Home Wealth Recovers $7 Trillion as Prices Firm
- Record home values from Charlotte to Dallas to San Francisco
- Recovery helps offset stock market losses, aids consumers
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In March 2014, Steven and Bernadette Doherty paid $183,000 for a two-bedroom home in Charlotte, North Carolina, $6,000 more than its appraised value. Today, similar houses in the neighborhood are being priced at $300,000 or more.
“We bought at the right time,” said Bernadette, a retired Wells Fargo & Co. information technology worker. “In retrospect, we were lucky as prices have gone up so much more.”