Homeowners are sitting on a lot of equity. That’ll happen when U.S. home prices rise a staggering, and unsustainable, 43% in just 27 months between March 2020 and June 2022 during the Pandemic Housing Boom.
Let’s consider a hypothetical scenario in which U.S. home prices fell by 10%. How would U.S. homeowners, in general, fare?
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