Figure 1:
Wave-to-wave changes in housing wealth
Source: RAND HRS. Based on the variable HwAHOUS (the value of primary residence). Shown differences are computed by taking the average of individual-level differences in HwAHOUS in consecutive waves. Housing wealth is deflated using the Consumer Price Index of the Bureau of Labor Statistics. Due to the temporal misalignment between HRS and CAMS surveys, housing wealth corresponds to the (even) year preceding the odd-numbered year in CAMS.