Home Equity
Florida observes 3.4% annual decline in share of equity-rich homes, while gains in the Northeast consolidate
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“I am surprised to have seen some of the increases in home prices," CoreLogic's chief economist says.
New report by First American says home prices decreased by 3.1% between August and Sept. 2024
National Reverse Mortgage Lenders Association and RiskSpan release quarterly report
The average borrower has gained $129,000 in equity since the start of 2020, per CoreLogic
Renting was cheaper in 48 of the top-50 markets in Q2 2024, but only 29 states when accounting for home equity gains
A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity
Latest ICE Report indicates new peak in tappable equity
Nearly 50% of mortgaged residential properties in the U.S. were considered equity-rich during Q2 2024.