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Home Ownership Figures Prominently 

in 

American Wealth


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Home Ownership Figures Prominently in American Wealth

Tupper Briggs

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors available over the years...

Tupper began his real estate career in 1973 and has earned every accolade from the National Association of Realtors available over the years...

Jan 27 1 minutes read

Two recent studies have confirmed that home are a great source of wealth in the U.S.  The Federal Reserve estimated that Americans own about $28.4 trillion worth of housing.  Online banker Lending Tree examined real estate wealth at the community level and found that Denver and Boulder-Longmont are among the richest in residential value—Denver ranks #17 with $374 billion (with a median home value of $391,000), Boulder ranks #48 with $88 billion in residential value (with a median home value of $459,000).  

The foothills doesn’t warrant ranking by virtue of our small size, but our average selling price at the end of 2018 was over $625,000.  This figure ignores the value of homes that didn’t sell during the year, but we certainly rank favorably against Denver and Boulder.

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