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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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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What is home equity and how can you use it?

The Mortgage Report

What is home equity and how does it work? Learn how to calculate your home equity and how having equity can benefit you.

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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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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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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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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Equity Rich


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

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

“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.

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

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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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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Diversity, equity and inclusion: A multifaceted approach


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

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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

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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US home equity levels rose in Q3


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.

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.

Equity 101

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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Can you build equity with an older home?


Turns out where you buy is important to building equity. The post Can you build equity with an older home? appeared first on Zolo. Home Improvement

Equity-rich properties make gains in fourth quarter


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.

RealPage acquired by equity firm


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.

CoreLogic: Home Equity Rises Despite the Pandemic

RIS Media

CoreLogic® recently released the Home Equity Report for the second quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase by 6.6 percent of all mortgaged properties, were in negative equity.

Tax Deductions on Home Equity Loans and HELOCs: What You Can (and Can’t) Write Off


iStock Do you have a home equity loan or home equity line of credit (HELOC)? Homeowners often tap their home equity for some quick cash, using their property as collateral. With the 2018 Tax Cuts and Jobs Act, the rules of home equity debt changed dramatically.

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


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.

Homeowners gained $17K in equity this year: CoreLogic


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.

How DepositLink delivers on equity and excellence


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.

Instant Equity Included!

The Living Room

The post Instant Equity Included! I won’t even mention the bonus Home Warranty. So coooooool! Somehow in this very intense market my clients scored BIG TIME! A major congratulations are in order.

ATTOM Report: Home Equity Levels Rising in Q3 Despite Pandemic

RIS Media

Home Equity & Underwater Report, which shows that 16.7 were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value. In the third quarter of 2020, equity-rich properties made up 28.3 Of the 50 states, 49 showed a quarterly increase in the percentage of homes considered equity-rich, while only seven showed increases in the percentage that were seriously underwater.

Should You Refinance Your Mortgage to Build Equity Faster?

RIS Media

Home equity is the difference between your house’s current market value and the amount you still owe on your mortgage. Speeding up the rate at which you pay down your loan balance can help you build equity faster. . How Can Refinancing Help You Build Home Equity?

Average homeowner gained $9,800 in equity this year


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.