If you’re a current homeowner, you should know your net worth just got a big boost. It comes in the form of rising home equity. Equity is the current value of your home minus what you owe on the loan. Today, you’re building that equity far faster than you may expect – and this gain is ... » Learn More about The Average Homeowner Gained More Than $55K in Equity over the Past Year
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The Path To Homeownership Can Be Steeper for Some Americans
As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for ... » Learn More about The Path To Homeownership Can Be Steeper for Some Americans
There Won’t Be a Wave of Foreclosures in the Housing Market
When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market would experience a wave of ... » Learn More about There Won’t Be a Wave of Foreclosures in the Housing Market
Two Reasons Why Waiting a Year To Buy Could Cost You
If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two ... » Learn More about Two Reasons Why Waiting a Year To Buy Could Cost You
Is It Time To Move on to a New Home?
If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much longer than historical averages (see graph below): As the graph shows, before 2008, homeowners sold their houses after an average of just five ... » Learn More about Is It Time To Move on to a New Home?