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Mortgage Equity Withdrawal Increased Sharply in Q4 2021

Pro Builder

Mortgage Equity Withdrawal Increased Sharply in Q4 2021. In the mid-2000s, the housing bubble led to a $250 billion increase in mortgage debt per quarter as homeowners borrowed heavily against their perceived home equity, and Q4 2021 saw a similar trend as mortgage debt increased by $245 billion. Fri, 03/11/2022 - 10:37.

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More Americans Became Equity Rich During the Pandemic

Pro Builder

More Americans Became Equity Rich During the Pandemic. Fri, 11/12/2021 - 09:30. As home prices reach record highs, more homeowners are gaining significant equity, meaning that some can even sell their homes for twice the amount they owe on their mortgages, according to Realtor.com. In the third quarter of 2021, roughly 39.5%

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Nearly Half of All U.S. Homes Were Equity-Rich in the First Quarter of 2022

Pro Builder

Homes Were Equity-Rich in the First Quarter of 2022. Equity-rich homeowners are cashing out and leaving pricey markets to buy new homes in low-cost states. A red-hot housing market is pushing home values to new highs, and a subsequent increase in equity wealth is motivating some homeowners to relocate, according to The New York Times.

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Remodeling Expenditures See Strong Growth in 2021

Pro Builder

Remodeling Expenditures See Strong Growth in 2021. Fri, 10/22/2021 - 09:56. The rapid expansion of owners’ equity is likely to fuel demand for more and larger remodeling projects into next year.”. Remodeling projects are picking up speed across the U.S.

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How to Build Your Firm's Wealth

Construction Business Owner

Fri, 01/29/2021 - 10:39. You are in business to make a profit, build equity, seek wealth-building opportunities, and enjoy the benefits of owning a successful business. How to Build Your Firm's Wealth. Elizabeth Manning.

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U.S. Cities Tackle Energy Efficiency in 2021

Pro Builder

Cities Tackle Energy Efficiency in 2021. In 2021, New York became the first city to ban the use of natural gas in all new construction projects, and its more progressive building policies pushed the Big Apple into the top 10 list, The New York Times reports. . Fri, 01/14/2022 - 10:17. Seattle and San Jose, Calif.,

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Collective Home Values Increased $2 Trillion in 2021 So Far

Pro Builder

Collective Home Values Increased $2 Trillion in 2021 So Far. Fri, 06/11/2021 - 09:22. Historic increases in home values added tens of thousands of dollars to the average homeowners’ equity. CNBC reports equity advanced 20% during the first quarter of 2021 compared to one year prior. cbroderick. Read More. .

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