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Mortgage Equity Withdrawal Increased Sharply in Q4 2021

Pro Builder

Mortgage Equity Withdrawal Increased Sharply in Q4 2021. trillion from the housing bubble peak, but higher mortgage rates in 2022 could change that. In Q4 2021, mortgage debt increased $245 billion, the largest quarterly increase since 2006. of GDP during the housing bubble. Fri, 03/11/2022 - 10:37. Financials.

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Key Characteristics of the 2021 Housing Market

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Key Characteristics of the 2021 Housing Market. Tue, 11/02/2021 - 09:33. High demand, low housing supply, a lack of starter homes, and fierce competition are the critical factors of a booming 2021 housing market reporting record-breaking prices, says Forbes Business Council. Housing Markets.

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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. Harvard’s Joint Center for Housing Studies is monitoring the rise of repair and improvement sales and their effect on growing demands within a booming housing market. Remodeling projects are picking up speed across the U.S.

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Millennials Are Flooding the Housing Market, but Cash-Strapped Boomers Are Standing in Their Way

Pro Builder

Between July 2021 and June 2022, baby boomers made up the largest share of homebuyers for the first time since 2012, purchasing 39% of all homes sold compared with 28% of home purchases by millennials. For better or worse, homeownership is the most popular form of wealth building for most American households.

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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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Report Finds Existing US Housing Stock Still Needs More Investment

Pro Builder

Report Finds Existing US Housing Stock Still Needs More Investment ibush Fri, 03/24/2023 - 07:50 Despite the pandemic boom in remodeling, a new report from Harvard's Joint Center for Housing Studies finds many U.S. remodeling market to the tune of $567 billion in 2022.

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