The more equity homeowners have when they sell, the more they tend to overpay when they buy their next home.
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Category: home equity
The Average American Homeowner Has Nearly $200,000 in Home Equity, Thanks to Rising House Prices
Homeowners’ equity hit $10.5 trillion in June, the fourth-highest month on record, Black Knight said.
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Foreclosures Jump—Is Another Wave About To Flood the Housing Market?
The number of homeowners receiving foreclosure notices is surging this year. Is there any reason to panic?
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The American Dream Pays Off Big: Homeowners Have Seen Their Property Values Shoot Up This Much
Homeowners racked up some serious wealth over the past decade. This is how much middle-class homeowners made since 2012.
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ATTOM: Nearly half of all US properties considered equity-rich
Forty-eight percent of mortgaged homes were equity rich in the fourth quarter of last year.
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U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion
Soaring home prices have driven up home equity, but rising interest rates are making it more expensive to use.
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Survey: Millennial homeowners most burdened by debt, homeownership costs
Millennials are at the greatest risk of becoming house-rich and cash-poor as the generation is spending the highest percentage of their monthly income on homeownership costs compared to other generations, according to a new Hometap report.
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CoreLogic: Georgia homes average $24K annual equity gain
The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.
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Home equity grows nationwide in first quarter
Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.
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