Americans Recover $7 Trillion In Home Wealth as Prices Firm

In March 2014, Steven and Bernadette Doherty paid $183,000 for a two-bedroom home in Charlotte, N.C., $6,000 more than its appraised value. Today, similar houses in the neighborhood are being priced at $300,000 or more. “We bought at the right time,” said Bernadette, a retired Wells Fargo & Co. information technology worker. “In retrospect, we were lucky as prices have gone up so much more.” Home-price appreciation is a welcome...

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