Memo
Published August 20, 2008
Updated August 20, 2008
Rebuilding Home Wealth
By:
Kristen Harbers, Anne Kim, Tess Stovall
For Americans, the family home is the single greatest investment and source of wealth, but the housing crisis has caused the average homeowner to lose more than $21,000 in home equity. The drop in the housing market is bringing down the economy as households cut back on household spending. This module lays out how the new housing bill will help rebuild homeownership wealth, and the next step for Congress is to build on the measures to restore long-term confidence in the housing market.
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