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Maine among top states where homeowners are quickly building wealth

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Homeowners in Maine have amassed wealth faster than in all but one state due to the continued rise in home prices, a new report reveals.

The percentage of mortgaged homes considered equity-rich, where the homeowner owns 50% or more of the home, rose to 56.3% in the second quarter of this year, down from the first three months. Up from 48.5%. report Real estate data tracking company ATTOM Data Solutions made the announcement on Thursday.

The numbers reflect an upward trend in Maine’s real estate market. June Median $360,825According to the Maine Realtors Association, sales were up more than 16% year-over-year, despite a decline in homes for sale.

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