Items Tagged with 'Home equity'

ARTICLES

  • Older homeowners are spending big on home improvements

    Harvard study says aging homeowners will drive this market
    Home improvement spending continues to trend upward, with the latest data from Harvard’s Joint Center for Housing Studies putting the aggregate total at a new high of $424 billion. The home improvement sector can thank the Baby Boomers for that, as research shows older homeowners are spending big on home renovations and aren't expected to slow down anytime soon.
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  • U.S. home values reach a record high of $26.1 trillion in Q1, Fed says

    Home equity rises to the highest level since 2002
    The value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to the Federal Reserve report released Thursday known as the Flow of Funds. Americans owned 60.4% of their homes in the first quarter, measuring the share of their home that was unmortgaged, the highest level of equity since 2002.
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  • Home equity gains continue to slow

    Homeowners see returns slip as home-price growth moderates
    The average homeowner gained $6,400 in home equity in 12 months’ time as of the first quarter of the year, according to the latest CoreLogic data. While on its face that might seem like a solid return for zero work, a brief look at historical gains reveals that, well, maybe not so much.
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  • Homeownership investment startup Hometap expands into new states

    Now available in 6 states, Hometap can help 20% of U.S. homeowners access their equity
    Homeownership investment startup Hometap has expanded into six states, the company announced Wednesday, making its services accessible to 20% of U.S. homeowners. Hometap founder and CEO Jeffrey Glass said the company aims to help those who are house rich but cash poor gain debt-free access to their home's equity.
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  • Blue Ridge Bank launches reverse mortgage division

    Announces partnership with ReverseVision
    North Carolina-based Blue Ridge Bank announced this week that it has partnered with HECM technology provider ReverseVision to launch a reverse mortgage division. The bank, which said it has closed $25 billion in forward loans, is implementing ReverseVision’s RV Exchange loan origination system to support its launch.
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  • Figure Technologies lands $1 billion blockchain investment to revolutionize HELOC lending

    Partnership with Jefferies and WSFS Institutional Services creates massive financing facility
    Blockchain lending startup Figure Technologies launched with a promise to disrupt home equity lending using cutting-edge technology, and it appears to be well on its way to achieving this mission. The company announced Thursday that it closed on an asset-based financing facility on blockchain of up to $1 billion alongside Jefferies and WSFS Institutional Services. CEO Mike Cagney said the facility "paves the way for the first securitization on chain, which will demonstrate the massive cost savings, risk reduction and liquidity benefits blockchain delivers."
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  • Sale-leaseback company EasyKnock announces $215 million capital raise, launches new product for home shoppers

    Will buy your house from you, then let you live there while you shop around
    Sale-leaseback company EasyKnock just scored a massive cash infusion, announcing that it has secured $215 million in a debt-equity round, and launched a new product, a play off the sale-leaseback concept marketed toward homeowners looking to buy their next home. The new offering promises to edge out iBuyers with a quick sale at a better rate, plus the ability to let customers stay put while they contemplate their next move, cash in hand.
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  • These are the ZIP codes where homeowners hold the most equity

    No surprise, California markets top the list
    More than a quarter of mortgaged properties in the U.S. were rich with equity in the first quarter of 2019, according to the latest from ATTOM Data Solutions. That means that 14.4 million U.S. properties are equity-rich. Here's where the greatest number of them are located.
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  • Sale-leaseback company Sparrow launches in Phoenix

    Offers easy equity access to Phoenix homeowners
    The sale-leaseback category has picked up steam as of late, with several new players emerging with a promise to help homeowners access their equity without the need to move. Now, a new company called Sparrow has emerged to help Phoenix-area homeowners do just that.
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  • Study finds home equity can solve part of the retirement crisis

    But as it won't provide a solution for everyone, policymakers need to set up
    The majority of middle-income seniors will not have enough money to cover essential living and medical expenses a decade from now, according to a recent study by researchers at the University of Chicago. But while utilizing home equity can help alleviate the burden for some, it can't provide a solution for everyone.
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