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:
A lot of people who want to move are telling themselves the same thing:
"Maybe I'll just wait until later this year once things calm down."
You may have heard April 12-18 was the “best week” to list your house in Lake Arrowhead. That’s based on a report from Realtor.com. But now that it’s passed, you may be wondering if you missed your moment.
There’s a lot of uncertainty right now and that’s leading
to some dramatic headlines.
If you’re getting a tax refund this year, here’s something worth thinking about. That money could actually help you get closer to buying a home.
There’s a lot of noise out there right now about investors in the housing market.
You’ve probably seen posts on social media talking about how “home prices are falling.” And when you see something like that, it’s normal to wonder:
