By Catherine Reagor | Arizona Republic
2020 will go down as a great year for homeowners and a bad one for renters.
Despite the COVID-19 pandemic, metro Phoenix home prices increased faster than in any year since the housing boom, boosting many homeowners’ equity to the highest level since the crash.
A lot of homeowners struggling during the pandemic received relatively easy forbearance agreements with their lenders that helped them hold on to their homes.