Point

Intercontinental Exchange, Inc. data reveals a 5% drop in income share for median home purchases, alongside rising home equity and increased refinance incentives, signaling a more favorable real estate environment.

The fourth quarter of 2023 witnessed a drop in equity-rich properties, signaling a potential shift in the housing market, while seriously underwater mortgages saw a slight increase.

Average homeowner gains over $20,000 in wealth.

High interest rates are compressing usage by 55% or $54B.

While nearly half of U.S. mortgaged homes remain equity-rich, data indicates a downturn in recent quarters.

Reverse mortgage offering allows homeowners 55+ to tap into home equity without added monthly costs or altering primary rates.