Remove Debt Remove Equity Remove Housing Remove Metro
article thumbnail

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.

article thumbnail

Single-Family Rent Growth Backed by Over $50 Billion in Capital

Pro Builder

metros report double-digit price growth. Single-family rental homes and build-for-rent units appeal to investors looking for an inflation hedge with less volatility in the event of a housing boom or bust. Housing Policy + Finance. Housing Policy + Finance. Single-Family Rent Growth Backed by Over $50 Billion in Capital.

Debt 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Pro Builder

On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 That measure expired on July 31, but the rapid increase in housing prices while it was in force means that many struggling homeowners may now be able to sell their property for a gain and avoid foreclosure. at the end of 2019.

Equity 52
article thumbnail

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

Pro Builder

Many builders reported that last December was unusually busy, the best in years for housing starts and contracts. In 2008, when Hodges was working through the housing crisis in Florida for builder K. Hodges advises builders to offer to suspend construction for a defined period, secure the house, and wait until the dust settles.

article thumbnail

Builder of the Year Ivory Homes' Innovation Agenda

Pro Builder

Instead, Clark Ivory reassumed his CEO duties and set a bold, uncharted course to diversify the company’s successful semi-custom, move-up home legacy to include affordable housing for an increasing underserved segment of buyers. Design Within Reach—Exploring Attainable Housing Options. See past Builder of the Year winners. and Outward.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

USDA Rural Development in Alabama: A variety of loan, grant, and loan guarantee programs, plus technical assistance in the areas of business and industry, cooperative development, rural housing, community facilities, water and waste disposal, and telecommunications, including distance learning and telemedicine. TAX INCENTIVES.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Eligibility qualifications are different for rural and metro areas. Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. The program ends December 2016.

Income 75