Hartford-Area Remodeling Spend Projected to Increase
Hartford-area residents are expected to increase their spending on home remodeling by 6 percent in the last two quarters of 2019, according to a new study from Harvard University.
Hartford-area residents are expected to increase their spending on home remodeling by 6 percent in the last two quarters of 2019, according to a new study from Harvard University.
American homeowners are doing something surprising: Despite record amounts of home equity available to them – an estimated $1.5 trillion – they are tapping into it less via home-equity credit lines and cash-out refinancings. The question is: Why?
They’re either a valuable financial tool for homeowners or a harbinger of trouble on the horizon: Cash-out refinancings, which were wildly popular during the housing boom years and contributed to the severity of the crash, are on the rise again.