by Anthony | Mar 19, 2021 | 2021 Topics, Home Equity, Real Estate News
Year-over-year, US homeowner equity increased by over $1.5 trillion since the fourth quarter of 2019. This represents a 16.2% increase from the prior period. The increase in homeowner equity affected approximately 62% of all US properties. Across the country, home...
by Anthony | Dec 14, 2020 | Home Equity, Housing, Inventory Shrinkage, NJ Real Estate News, Real Estate News
The most recent home equity report coming from CoreLogic indicates that for the third quarter 2020, U.S. homeowners increased in homeowner equity by $1 trillion. This is the highest amount ever recorded. Approximately 63% of all properties found equity to increase by...
by Anthony | Sep 23, 2020 | Home Equity, Real Estate News
National Homeowner Equity In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity during the past year. Montana had the highest year-over-year average increase at $28,900. Negative Equity Falls In the second quarter of 2020, the...
by Anthony | Sep 15, 2020 | 2020 Trends, Home Equity, Mortgages, Real Estate News
The Mortgage Bankers Association reported that credit in August is the tightest in more than six years. This is the result of the concern over a weak economy prompted by the lenders’ decision to tighten up their lending standards. The Mortgage Credit...
by Anthony | Apr 24, 2020 | 2020 Trends, Fannie Mae, Home Equity
The recent Fannie Mae report projects that home sales may possibly fall by up to 15% in 2020. [That is the number of homes sold, not the price of homes.] The housing projection published by Fannie Mae indicates that total housing starts are expected to fall from 1.5...
by Anthony | Apr 20, 2020 | COVID19, Debt, Home Equity, Real Estate News
Initially, JPMorgan Chase announced that they were increasing their lending standards for home mortgage borrowers. The new threshold would require at least a 20% down payment and a FICO score of minimum 700. This might appear to be severe but the average FICO score in...
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