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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 Read more.

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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. 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. 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

When millennials are forced to delay their home purchases and continue renting, they miss out on years they could have spent stacking up equity. For better or worse, homeownership is the most popular form of wealth building for most American households. Read more Demographics Sales Market Data + Trends Demographics

Housing 96
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20-Year High Mortgage Rates Won’t Crash the Housing Market—Here’s Why

Pro Builder

20-Year High Mortgage Rates Won’t Crash the Housing Market—Here’s Why. Mortgage rates briefly surged to a 20-year high last week, and as more prospective buyers are priced out of home purchases, economists warn that the housing market may be headed full speed ahead toward a recession. Mon, 10/03/2022 - 09:59. Market Data + Trends.

Housing 98
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Ilke Homes went under owing £320m

Construction Enquirer

The scale of the modular house builder’s debts can be revealed after the Enquirer saw a statement of proposals issued to creditors by administrator AlixPartners. Sister development company Ilke Homes Land also collapsed owing £14m to subcontractors and suppliers and £21m in inter-company debts.

Debt 97
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A Housing Slowdown Is Underway, but This Downturn Is Nothing Like the Last One, Experts Say

Pro Builder

A Housing Slowdown Is Underway, but This Downturn Is Nothing Like the Last One, Experts Say. The housing market is finally cooling off after a mid-pandemic hot stretch, but today's market is much more stable than the bubble and bust buying landscape of 2008. Wed, 06/22/2022 - 11:49.

Housing 98
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Record Appreciation Is Sending Homeowner Wealth Soaring

Pro Builder

Middle-income homeowners have seen their properties appreciate by 68% since 2012, amounting to $122,100 in equity wealth, according to the National Association of Realtors. Similarly, low-income homeowners reported $98,900 in equity gains, and upper-income households accrued $150,800 in equity.