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Private equity giant buys United Living

Construction Enquirer

Private equity giant Apollo has struck a deal to acquire United Living Group. A statement on the New York Stock Exchange confirmed the move but added “financial terms were not disclosed.”

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Homeowners Are Pocketing Over $6 Trillion in Equity Post-Pandemic

Pro Builder

Homeowners Are Pocketing Over $6 Trillion in Equity Post-Pandemic. Record housing appreciation is helping some homeowners build substantial wealth, while would-be buyers are priced out on the opposite end of the housing market. . As housing appreciates at a record pace across the U.S., Mon, 05/02/2022 - 10:49.

Equity 52
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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. were considered “equity-rich,” meaning that the loan balances secured by those properties were no more than 50% of their estimated market values. .

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Free Housing Expo Offers Assistance to First-Time Buyers and Renters in NYC

Pro Builder

Luckily, a free expo by the nonprofit group, the Housing Partnership, seeks to educate buyers and renters about housing assistance opportunities available in NYC. Read more Affordability New-Home Sales Housing Markets Affordability The expo will take place on June 10 at the CUNY Graduate Center in Midtown.

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Two Years Later, First-Time Buyers Are Still Stuck on the Starting Line

Pro Builder

Unable to compete with repeat buyers backed by equity, first-time house hunters have been sidelined for two years, and housing costs are still rising . For two years, first-time buyers have been put through the wringer of a competitive housing market characterized by soaring prices, bidding wars, and all-cash offers.

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As Housing Costs Reach New Highs in a Market Correction, Buyers Brace for the Worst

Pro Builder

As Housing Costs Reach New Highs in a Market Correction, Buyers Brace for the Worst. Mortgage rates are at their highest level since 2002, and elevated borrowing costs paired with record high home prices are diminishing housing affordability across the country. Fri, 11/04/2022 - 10:27. Affordability. Market Data + Trends.

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Quarter of Wealth Gap Between Latino-White Households Comes from Housing

Pro Builder

Quarter of Wealth Gap Between Latino-White Households Comes from Housing. A quarter of the wealth gap between white and Latino households stems from housing wealth disparities, reports Zillow. White households have nearly 50% more wealth than Latino, and much of that boils down to housing disparities. in New York, and 6.6%