The pandemic lockdown-era housing market fueled a home equity explosion. Any owner who had ever considered putting in a swimming pool, adding another bedroom or any other major renovation quickly grew the capital to execute those plans.
“Homes have become more valuable, and that fits into the remodeling wave that we're seeing, which has been much stronger than expected,” said Mark Vitner, managing director and senior economist for Wells Fargo and Co.
Read more: How a surge in home equity…
