article thumbnail

More House Hunters Are Seeking Out Diverse Neighborhoods

Pro Builder

More House Hunters Are Seeking Out Diverse Neighborhoods. How the housing market is prioritizing inclusivity. housing market adapts to a more diverse national population, developers are pushing for more inclusive housing for ??economically, Fri, 10/22/2021 - 10:04. As the U.S.

Housing 105
article thumbnail

Rising Home Values Are Giving U.S. Homeowners Record High Housing Wealth

Pro Builder

Homeowners Record High Housing Wealth. Nearly half of all homeowners were considered equity-rich at the end of 2021 after a $2.6 trillion gain in tappable equity. Even those not listing their homes for sale gained significant equity. Housing Markets. Fri, 02/04/2022 - 10:27. That is not the case now. . Financials.

Housing 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

Expiration of Mortgage Bailout Programs Unlikely to Cause Foreclosure Crisis

Pro Builder

But 98% of those troubled borrowers now have at least 10% equity in their homes, not counting their missed payments. Including those payments, 93% still have more than 10% equity. Given today’s tight housing market, the majority could easily sell and still pocket some profit. 1 trillion in ‘tappable equity’.

Equity 52
article thumbnail

Collective Home Values Increased $2 Trillion in 2021 So Far

Pro Builder

Historic increases in home values added tens of thousands of dollars to the average homeowners’ equity. CNBC reports equity advanced 20% during the first quarter of 2021 compared to one year prior. housing market, especially for older homeowners and baby boomers who’ve experienced years of price appreciation.”. cbroderick.

Equity 52
article thumbnail

Soaring Home Prices Contributing to Economic Crisis

Pro Builder

While a good bit of home buying is driven by consumers looking for more space and less crowds, soaring housing prices is being blamed in this Business Insider piece for the climate change, income inequality, and declining birth rates. Furthermore the lack of opportunity for Americans to own a house is the biggest driver of income inequality.

Income 52
article thumbnail

80-20 Rule With Key Performance Reports Increases Contractor Profits

Contractor Bookkeeping

Start With QuickBooks Job Profitability Report Shown Below. This report is saying that working for Henry Mancini is not profitable. In fact it costs you money, cash, dollars, profit, coins, food, clothing, shelter, retirement, vacation whatever makes sense to you to keep working for him.

article thumbnail

What’s Driving the Demand for Single-Family Rental Homes?

Pro Builder

Barely formulated just over a decade ago, the asset class now counts some of the nation’s largest home builders, along with aggregators, private equity funds, and true built-for-rent developer operators as major participants. . Built to Rent Is Booming, But Operational Challenges Loom for This Housing Sector.

Florida 98