She bought a house in Seattle for ,000 in 1973. How can she release some cash?

Ann Wolfe is a millionaire. But she doesn't live like one. That's because nearly all her wealth is tied up in her house. Wolfe's house in Seattle's...

July 3, 2022
6:24 AM

Ann Wolfe is a millionaire. But she doesn't live like one. That's because nearly all her wealth is tied up in her house. Wolfe's house in Seattle's Ravenna neighborhood has been on a tear. The four-bedroom 1926 charmer on a leafy street is worth $1.2 million, according to Zillow. This isn't just a Seattle thing. Over the past two years, Americans who own their homes have gained more than $6 trillion in housing wealth, according to the Federal Reserve. Which is to say, Wolfe has a lot of company, especially among retirees who have had more time to build equity.

Special To The Seattle Times