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| Equity Growing in Lowest Tier: Report |
| By RISMedia Staff |
Buyer demand is highest for starter supply—and entry-level homes are appreciating faster than others as a result, according to an analysis by Zillow. "When the housing market crashed, owners of the least valuable homes were especially hard hit and lost more home value than homeowners at the upper end of the market," says Aaron Terrazas, senior economist at Zillow. "Since then, though, demand for less expensive, entry-level homes has built steadily, causing prices to grow rapidly. As a result, these homeowners have been able to build wealth at a faster pace than owners of more expensive homes." Entry-level homeowners (those in the lowest third in value) have grown their equity by 44.4 percent in the last five years ...
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