
HELOCs Step into Gap Left by Refis
Homeowners have seen the equity in their homes reach historic levels this year, but rising interest rates have put a serious dent in cash-out refinance volumes
Homeowners have seen the equity in their homes reach historic levels this year, but rising interest rates have put a serious dent in cash-out refinance volumes
Homebuilders are cutting back: not just in the number of bedrooms, but also the number of bathrooms and anything else where they can make their plans less expensive to build.
Messy kitchens; concierge services; coworking spaces; connections to local businesses: These are what homebuyers want in new developments.
Homebuilders are an optimistic bunch. That’s not the case now, though, and hasn’t been for months.
Home builders are running out of buildable home sites, with inventory at its lowest point since 2015. And relief is on the way – just not soon.