Community, building equity important for young homebuyers

Housing Wire

“Nearly half — 46% — said that building equity is now more important than ever. ” The post Community, building equity important for young homebuyers appeared first on HousingWire.

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Homeowners gain over $620 billion in equity in second quarter

Housing Wire

year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic. homeowners with mortgages witnessed a 6.6%

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Equity jumps for Black homeowners, but problems remain

Housing Wire

The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%.

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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

billion in potential home equity has been uncovered for distressed homeowners facing foreclosure. A foreclosure sale usually represents the last chance for a distressed homeowner to benefit from any equity in a property being foreclosed,” said Ali Haralson , Auction.com president. “If

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Freddie Mac appoints new team to address housing equity

Housing Wire

Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. The post Freddie Mac appoints new team to address housing equity appeared first on HousingWire.

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Private equity shop Lovell Minnick acquires UniversalCIS

Housing Wire

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS.

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Keller Williams adds Diversity, Equity and Inclusion Committee to leadership council

Housing Wire

Last week, Keller Williams ’ International Agent Leadership Council voted unanimously on a motion to amend its belief system and to add an additional committee, as introduced by Kymber Menkiti and John Clidy, co-chairs of the KW National Social Equity Task Force.

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Homeowner Equity Increases an Astonishing $1 Trillion

Keeping Current Matters

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: S.

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Two Important Impacts of Home Equity

Keeping Current Matters

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic , the average homeowner gained $9,800 in equity over the past year. With prices going up, equity gains will also keep accelerating.

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Home Values, Owners’ Equity Rise in 2Q20

Eye on Housing

Read More › The post Home Values, Owners’ Equity Rise in 2Q20 first appeared on Eye On Housing. Economics coronavirus COVID-19 financial accounts of the united states flow of funds home equity home equity lines of credit home equity loans

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How to give and receive a gift of equity: Rules and process

The Mortgage Report

A gift of equity can be a huge help when buying a home. Buying a home Essential Mortgage Miscellany Mortgage Strategy Tax Law For Mortgages appraised value fannie mae gift of equity fha gift of equity Gift Letter gift of equity gift of equity letter gift of equity tax gift tax market value

CoStar and private equity group battle for CoreLogic

Housing Wire

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet.

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Diversity, equity and inclusion: A multifaceted approach

Inman

Agent Sponsored DEI discrimination diversity equity and inclusion: A multifaceted approach fair housing inclusivity John L.

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US home equity levels rose in Q3

Inman

Equity-rich properties made up about 28.3 percent of mortgaged homes in the U.S. during the third quarter, up from 26.7 percent the previous year.

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The Importance of Home Equity in Building Wealth

Keeping Current Matters

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”.

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RealPage acquired by equity firm

Inman

Industry News News Brief Property Portfolio Rentals Select apartment Buildium investment Private Equity property management property portfolio real estate Real Page realpage rentals stratis iot Thoma BravoThe all-cash deal will value RealPage at more than $10 billion.

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Pacaso launches grant equity referral program

Inman

Industry News Property Portfolio austin allison co-ownership equity programs Pacaso referral restricted stock unitReal estate agents, Pacaso employees and homeowners will receive 500 restricted stock units for every closed referral.

What Are Home Equity Loans Used For?

Realty Biz

The home equity loan, in particular, uses equity—the value of your home minus the mortgage to give you the much-needed funds for certain expenses. Uses of Home Equity Loans. Home equity loans can fund home improvements while increasing the value of your home.

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Equity-rich properties make gains in fourth quarter

Inman

The number of equity-rich homes in the U.S. made solid gains at the end of last year, and now account for more than 30 percent of mortgaged properties, according to a new report from Attom Data Solutions.

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Homeowners are cashing out equity like it’s 2005

Inman

With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble.

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3 Ways Home Equity Can Have a Major Impact on Your Life

Keeping Current Matters

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. Home Equity Report , revealed that 30.2%

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HELOC vs. home equity loan: Which is right for you?

The Mortgage Report

HELOC vs home equity loan: Both types of second mortgage can tap home equity at a low rate, but which loan type is right for you? Home Equity Homeownership Topics

Factors That Affect Home Equity

American Lifestyle

The post Factors That Affect Home Equity appeared first on American Lifestyle Magazine. Buying & Selling Equity Finance Financial Advice Home Advice Home Buying Home Loan Mortgage Real Estate Real Estate Agent Refinancing

What is a home equity loan and how does it work?

The Mortgage Report

A home equity loan lets you cash-out your equity without replacing your current mortgage. Learn how home equity loans and home equity lines (HELOCs) work. Home Equity Homeownership Topics Mortgage Products Home Equity Loan Housing Mortgage mortgage rates Real Estate

Equity Rich

BubbleInfo

Doubling in eight years, the number of local homeowners who have at least 50% equity is impressive.

Average homeowner gained $33,400 in equity last year: CoreLogic

Inman

The average annual equity gain from Q1 2020 to Q1 2021 for homeowners with mortgages is the highest in at least a decade, according to CoreLogic. Analysis Markets & Economy News Brief corelogic CoreLogic Homeowner Equity Report Dr. Frank Nothaft frank martell home equity

“Immediate Equity”

The Living Room

It’s crazy to see how we are walking in here with immediate equity on day one!” The post “Immediate Equity” appeared first on Living Room Realty. There’s nothing like “great timing” in the adventures of home buying.

CBC Mortgage Agency names its first-ever diversity, equity and inclusion officer

Inman

The company tapped current Director of Government Affairs Tai Christensen to lead the company's diversity, equity and inclusion efforts alongside of committee of 15 employees.

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How DepositLink delivers on equity and excellence

Inman

Mortgage Sponsored ach darrell west depositlink digital transaction DTM earnest money escrow How DepositLink delivers on equity and excellence mortgage real estate title wire transferToday, DepositLink CFO and co-founder Darrell West is building a real estate tech company.

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Homeowners gained $17K in equity this year: CoreLogic

Inman

Even amid a pandemic and ensuing economic downturn, home values continue to soar, as evidenced by the fact that the average homeowner gained $17,000 in equity this year.

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Home Equity Gives Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.

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Nationwide Equities fined $140K for alleged deceptive advertising

Inman

Mortgage Select CFPB Consumer Financial Protection Bureau Mortgage Acts and Practices Advertising rule Nationwide Equities reverse lendingThe Consumer Financial Protection Bureau says the lender "misled borrowers into believing they could not lose their homes with a reverse mortgage.".

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Can I get a home equity loan or HELOC on a second home?

The Mortgage Report

It's possible to get a home equity loan or HELOC on a second home. Home Equity Real EstateBut rates are a little higher and lending rules are stricter. Learn more here.

Home Equity Give Sellers Options in Today’s Market

Keeping Current Matters

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates.

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Why Now Is a Great Time to Tap Into Your Home’s Equity

American Lifestyle

The post Why Now Is a Great Time to Tap Into Your Home’s Equity appeared first on American Lifestyle Magazine.

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Equity gains for Black owners are progress, but more work is needed

Inman

The home equity gains made by Black homeowners in recent years are worth celebrating, but there's a long way to go. Agent Markets & Economy Opinion Select Black homeowners Black homeownership rate home equity Tai Christensen

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Average homeowner gained $9,800 in equity this year

Inman

Analysis Markets & Economy News Brief Predictive Analytics corelogic CoreLogic Home Equity Report frank martellBut the gains are not expected to last as effects of the coronavirus pandemic begin to show on the housing market, according to a new CoreLogic report released Monday.

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C.A.R. hires first chief diversity, equity and inclusion officer

Inman

s diversity, equity and inclusion efforts. MLS & Associations Select bridge association of realtors california association of realtors civil rights compass diversity equity fair housing fair lending farrah wilder homeownership inclusion

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Ahead of its IPO, Caliber gives its private equity owner $300M in cash

Housing Wire

Our steady growth and market leadership has led to net income of $275 million and a return on equity of 45% for the six months ended June 30, 2020.” The post Ahead of its IPO, Caliber gives its private equity owner $300M in cash appeared first on HousingWire.

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Vista Equity Partners sells stake in Lone Wolf

Inman

Industry News Select Technology Jimmy Kelly lone wolf MLS NAR PropTech Stone Point transaction management Vista Equity PartnersThe real estate tech company is getting a new investor in Stone Point Capital.

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