Prices are up and down. Equity growth is a dream for real estate.
Homeowners’ equity in housing was at a record high of $20.4 trillion in the third quarter of 2020. The steady upward trend since 2012 was spurred by accelerating home-price growth and low mortgage rates, which have helped many households build equity in their homes. The third quarter’s year-over-year increase in home prices was 7.8 percent, the highest since 2006. The most recent monthly data point from the FHFA for November 2020 showed an increase of 11.0 percent, the highest year-over-year growth rate in the series and surpassing the previous high of 10.7 percent in 2005.
RECENT POSTS:
If you’re one of the thousands of homebuyers waiting for rates to fall, you should know it’s already happening. And they recently crossed an important milestone.
If you’re trying to decide if you’re ready to become a homeowner in the next twelve months, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates, home prices, the current state of the economy, and more. And, you’re juggling how all of those things will impact the choice
Homebuyers are weighing their options right now, and they certainly have a lot on their minds.
Homebuyers are watching the economy closely, and for good reason. Buying a home is one of the biggest purchases most people ever make.
A lot of buyers are stuck in “wait and see” mode right now. They’re watching rates hover a little above 6% and thinking, I’ll buy once they hit the 5s
There’s been a lot of talk lately about how a government shutdown impacts the housing market. You might be wondering: Is it causing everything to grind to a halt?
