Home Equity

Feb. 23, 2024

Home Equity Can Be a Game Changer When You Sell

Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains:

“Home equity is the difference between ...

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Posted in Home Equity
Aug. 17, 2023

Equity Is a Game Changer for Homeowners Looking To Sell

If you’re a homeowner, you might be torn on whether or not to sell your house right now. Maybe that’s because you don’t want to take on a higher mortgage rate on your next home. If that’s your biggest hurdle, understanding your equity may be exactly what you need to ...

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Posted in Home Equity
June 19, 2023

A Drop in Equity Doesn’t Mean Low Equity

You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out ...

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Posted in Home Equity
March 2, 2023

Equity Gains for Today’s Homeowners

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has Grown ...

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Posted in Home Equity
Nov. 14, 2022

Key Factors Affecting Home Affordability Today

Every time there’s a news segment about the housing market,
we hear about the affordability challenges buyers are facing today. Those
headlines are focused on how much mortgage rates have climbed this year. And
while it’s true rates have risen dramatically, it’s important to remember they
aren’t the only factor ...

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Posted in Home Equity
Nov. 7, 2022

Home Equity: A Source of Strength for Homeowners Today

 

Experts agree there’s no chance of a large-scale foreclosure
crisis like we saw back in 2008, and that’s good news for the housing market.
As Mark Fleming, Chief Economist at First American, says:

“. . . don’t expect a housing bust like the mid-2000s, as
lending standards in this housing cycle ...

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Posted in Home Equity
Oct. 23, 2022

What’s Ahead for Home Prices?

 

image 1As the housing market cools in response to the dramatic rise
in mortgage rates, home price appreciation is cooling as well. And if you’re
following along with headlines in the media, you’re probably seeing a wide range
of opinions calling for everything from falling home prices to ongoing
appreciation ...

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July 23, 2022

Think Home Prices Are Going To Fall? Think Again

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Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and ...

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May 17, 2022

Why Rising Mortgage Rates Push Buyers off the Fence

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.

 

Today, buyers are reacting ...

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May 6, 2022

2022 Housing Market Forecast

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Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.

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 Source: Real Estate with Keeping Current Matters

 

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