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Mortgage Equity Withdrawal Increased Sharply in Q4 2021

Pro Builder

Mortgage Equity Withdrawal Increased Sharply in Q4 2021. Mortgage debt is up $1.05 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. Mortgage debt is up $1.05

Equity 59
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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. Mon, 06/28/2021 - 09:41. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. Housing Policy + Finance. cbroderick.

Debt 98
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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.

Housing 96
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Ilke Homes files administration notice

Construction Enquirer

Modular house builder ilke Homes has filed a notice of intention to appoint an administrator as a deadline to save the cash-strapped business approaches. The Enquirer understands that ilke is being offered to potential buyers for bids over £1 with a number of major house builders approached over a possible deal.

Equity 107
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Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling

Pro Builder

Wed, 12/15/2021 - 10:07. While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Financials.

Debt 52
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Single-Family Rental Homes Are Becoming Top-Performing Investments

Pro Builder

Wed, 11/10/2021 - 10:10. Close to 100,000 built-to-rent homes will have started construction this year, according to estimates from Brad Hunter, founder of the Hunter Housing Economics consulting firm. have made building rental houses a major component of their business. Housing Markets. Horton Inc. Horton Inc.

Debt 52
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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Fri, 08/06/2021 - 09:23. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 There remain pockets of the country where housing debt-traps are widespread. Housing Policy + Finance. Increasing Home Values Lift 1 Million Homes from 'Underwater' Status. cbroderick.

Equity 52