Items Tagged with 'Equity'

ARTICLES

  • Average homeowner gained $16,000 in home equity in 1 year

    Report shows equity continued its climb in Q2
    As the economy strengthens, home values continue to appreciate, and that means homeowners are raking in the equity. A report released Thursday by CoreLogic showed that home equity rose 12.3% year over year in the second quarter of 2018, meaning that the average homeowner saw their equity increase by $16,153 in one year’s time.
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  • Tappable mortgage equity hit all-time high in 2017

    More than 80% of borrowers now have equity available
    The amount of tappable mortgage equity increased in 2017 to an all-time high. In fact, Black Knight’s latest report shows currently, more than 80% of all mortgage holders now have available equity to tap via cash-out refinances or HELOCs.
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  • Senior home equity hits all-time high in Q1

    Equity jumps $6.3 trillion
    Senior home equity increased in the first quarter of 2017 to $6.3 trillion, an all new high since the National Reverse Mortgage Lenders Association began tracking the figure in 2000. Experts pointed out this will benefit seniors who want to modify their homes after becoming empty nesters.
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  • Millennials lead other generations in rising HELOC trend

    HELOCs expected to replace dwindling refis
    As interest rates rise, refinances continue to decrease, leaving an open gap in the market for home equity lines of credit to take the place. Interest rates are up from last year, but so are home prices, giving homeowners a new source of equity to tap into. Most surprising, however, was that Millennials hold the leading share of HELOCs.
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  • Value of housing market hits 10-year high

    Equity rises above mortgage debt
    The value of the housing market reached its highest point in 10 years and surpassed the pre-crisis peak. This increase was fueled by rising home prices as home equity reached an all new high of $14 trillion.
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  • Here are the 3 hottest housing markets of 2016

    Ready for 30 offers over the weekend?
    These three cities made the list for Redfin’s hottest housing markets. So what are the key factors making these cities so hot? Homes can receive up to 100 showings in a weekend, and up to 30 offers. Plus, they are usually off the market within eight to 10 days.
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  • CoreLogic: 1 million borrowers regained equity last year

    Number of underwater homes increases 2.9% quarterly
    Last year was a positive year for homeowners, with approximately 1 million borrowers regaining equity in 2015. As a result, the total number of mortgaged residential properties with equity at the end of the fourth quarter of 2015 reached 91.5% of all mortgaged properties.
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