March 12, 2023
One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. Bankrate explains it like this:
If you’ve owned your home for a while, you’ve likely built up some equity – and you may not even realize how much. Based on data from the U.S. Census Bureau and ATTOM, the majority of Americans have a substantial amount of equity right now (see graph below):
And having such large amounts of equity is a benefit to homeowners in more ways than one. Rick Sharga, Executive Vice President of Market Intelligence at ATTOM, explains:
September 26, 2023
Mortgage rates directly impact the monthly payment you’ll have on the home you purchase.
August 31, 2023
If you’ve been in your home for a while, you might have gained a considerable amount of equity, too.
August 30, 2023
Here’s a high-level overview of the connection between the inflation and housing market.
August 29, 2023
The latest data shows plenty of buyers are still out there, and they’re purchasing homes today.
August 28, 2023
Here’s some information you may find helpful on why and where your peers are buying.
August 23, 2023
If you’re thinking about selling your house, a strong job market, growing wages, and the resulting buyer demand is fantastic news.
August 17, 2023
Since most are paying on time, a wave isn’t coming.
August 16, 2023
More people are buying less expensive newly built homes right now while affordability remains a challenge.
August 15, 2023
There aren’t many homeowners who are seriously behind on their mortgage payments.
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