More Homeowners Tap Equity Juiced by Soaring Prices
Homeowners are increasingly tapping their equity, taking advantage of big gains following years of soaring housing prices.
Conn. Homeowners Gained Significant Equity in Q3
The average Connecticut homeowner gained $22,000 in equity in the third quarter on a year-over-year basis, CoreLogic reported, nearly double the national average.
More Americans Are Choosing Not to Tap into Their Home Equity
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?
Booming Home Equity: Financial Opportunity or Warning Sign?
If you’ve got it, don’t piggybank it – borrow against it.
Homeowner Equity Increased by $908B in 2017
U.S. homeowners with mortgages – which account for roughly 63 percent of all properties, according to a 2016 American Community Survey – saw their equity increase 12.2 percent year over year in the fourth quarter of 2017. This represents a gain of $908.4 billion since the fourth quarter of 2016.
What’s It Take To Be In The Home Equity Elite?
Americans readily gossip about home values – “Did you hear the crazy high price the house down the street sold for?” “Did you hear how little our neighbors were forced to take on their sale?”
A New Way To Estimate Your Home Equity
Do we really need another Zillow Zestimate-style online gizmo to tell us what a computer model says our homes are worth? Probably not.
It Pays To Check Out Your Equity
Are millions of homeowners sitting on much bigger equity nest eggs than they think? Do you know how much equity you’ve got? If not, could you be missing opportunities to tap into it for worthwhile projects at close to all-time low interest rates? Academic and...
