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

Pro Builder

AUGUST 6, 2021

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. 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.

Equity

Equity Cleveland Debt Philadelphia

Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

MAY 29, 2020

Jeff Benach, co-principal at Lexington Homes, in Chicago, says his team regularly examines financial scenarios to forecast what the numbers could look like if sales declined by 10%, 20%, and so on. There have been four “official” recessions since 1980, and Jeff Benach, co-principal at Lexington Homes , in Chicago, has endured them all.

Cash Flow

Cash Flow Debt Housing Consulting

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

Are There Lessons From the Great Recession for the COVID-19 Pandemic?

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