Community, building equity important for young homebuyers

Housing Wire

A homebuyer’s guide to a competitive housing market. The housing market is extremely competitive right now. In the past 12 months, housing markets across the country have seen a heavy influx of new homebuyers as well as existing owners looking to renovate or add square footage.

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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%

Equity 406

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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%.

Equity 392

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 , president. “If

Equity 316

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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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

Home Values, Owners’ Equity Rise in 2Q20

Eye on Housing

As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. trillion, while the aggregate value of the households’ market values, i.e., that of all owner-occupied real estate.

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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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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.

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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. billion market cap.

Equity 286

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.

Equity 152

Homeowners are cashing out equity like it’s 2005


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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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.

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


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

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.

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“Immediate Equity”

The Living Room

As we walked through the home, taking in the gorgeous wainscoting in the dining room and high ceilings throughout, J turned to me to confess she had been watching the Portland market daily, comparing their purchase price to everything else that was out there.

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


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


But 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. Analysis Markets & Economy News Brief Predictive Analytics corelogic CoreLogic Home Equity Report frank martell

Equity 143

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

Housing Wire

“Our track-record of success in originating and servicing mortgages is supported by robust capabilities, spanning operations, technology, analytics, capital markets and risk management,” the nonbank lender said in its S-1.

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In a positive sign, number of equity-rich properties continues to rise


During the second quarter of 2020, equity-rich properties outnumber seriously underwater properties 4 to 1, according to a report by Attom Data Solutions.

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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.

RoyaleLife CEO Robert Bull Warns of the Dangers of Early Equity Release

Realty Biz

Equity release may seem like a good strategy in the short term, but the CEO of the UK’s largest provider of bungalow living for the over 45’s warns that the practice is, for many people, not the ideal financial strategy. What Is Equity Release? The Disadvantages of Equity Release Plans.

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.

Instant Equity Included!

The Living Room

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

These were March’s hottest housing markets

Housing Wire

In modern history, the housing market has never seen a month like March. “Despite the intense competition and high prices we face, I still see more big gains to be made in home equity,” said Taylor Marr, Redfin lead economist.

COVID-19 remains “wildcard” in 2021 housing market

Housing Wire

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. forecasts that 2021 will continue to be a robust seller’s market.

Ask Brian: What Should I Do When Selling My Home with Little Equity?

Realty Biz

What are my options when I have little or no equity? Gil, the better term for what you are referring to is “under-equitied” meaning having less than 20% home equity. The post Ask Brian: What Should I Do When Selling My Home with Little Equity?

MBA Study Finds Home Equity Lending Growth Hindered by Alternative Products and COVID-19

RIS Media

Home equity loan debt outstanding and borrower utilization rates declined in 2019, and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021. – Home equity loan debt outstanding dropped 7.6

Will we have a buyer’s housing market in 2021?

Housing Wire

If you’re looking to buy a home, you’ll stand the best chance in a buyer’s housing market, where listings are flush, demand is low and buyers have the upper hand — not to mention most of the negotiating power. Seller’s markets, on the other hand, are on the opposite side of the spectrum.

ATTOM Data Solutions: Home Equity Continues Growing in U.S.

RIS Media

Home Equity & Underwater Report, which shows that 17.8 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value. The count of equity-rich properties in the first quarter of 2021 represented 31.9%, or about one in three, of the 55.8 For now, though, the equity picture remains one of many signs that the long U.S.

The last stand for forbearance housing market crash bros?

Housing Wire

Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing? . We know the current status of the housing market in America is vigorous, if not hot.

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?

Real Estate Market Values Surge in the First Quarter

Eyes on Housing

Financial Accounts of the United States, i.e., the “Flow of Funds”, show that, in the first quarter of 2021, the aggregate market value of all owner-occupied real estate in the United States registered the largest numerical quarterly increase in the last 20 years’ worth of data.

The Right Expert Will Guide You Through This Unprecedented Market

Keeping Current Matters

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. However, the market we’re in today is far from normal. Today’s housing market is full of extremes. For Buyers For Sellers Housing Market Updates Content Hub

CoreLogic: Homeowners Gained Over $1 Trillion in Equity in Q3 2020

RIS Media

CoreLogic® recently released the Home Equity Report for the third quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen equity increase by 10.8 This marks the largest average equity gain since the first quarter of 2014.

Compass aims for $10B+ market valuation

Housing Wire

would give the brokerage a “fully diluted market value of $12.5 Reuters and other outlets Tuesday morning pegged Compass’s hoped-for market value at $10 billion. Realogy has more than double Compass’s market share (and endured its own $356 million loss in 2020) but traded at $15.09

LoanDepot gaining market share as profits narrow

Housing Wire

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. “Interest rates began to rise in late Q1, and there has been a corresponding reduction in market opportunities and gain on sale margins as a result.