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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. A red-hot housing market is pushing home values to new highs, and a subsequent increase in equity wealth is motivating some homeowners to relocate, according to The New York Times.

Equity 52
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Ilke Homes served up for offers over a £1

Construction Enquirer

Yorkshire-based modular house builder ilke Homes is being offered to potential buyers for bids of over £1. Backers of the loss-making ilke are understood to have approached three major house builders in an effort to attract further investment into the business.

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Ilke Homes files administration notice

Construction Enquirer

Modular house builder ilke Homes has filed a notice of intention to appoint an administrator as a deadline to save the cash-strapped business approaches. The Enquirer understands that ilke is being offered to potential buyers for bids over £1 with a number of major house builders approached over a possible deal.

Equity 107
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There’s a Long-Standing Housing Crisis for Canada’s Indigenous Population—These Firms Have a Plan to Help

Pro Builder

There’s a Long-Standing Housing Crisis for Canada’s Indigenous Population—These Firms Have a Plan to Help. Just 500 people live In the remote town of Fort Severn in Ontario, but its intense struggle with a housing crisis is just one of many seen throughout northern Canada. Housing Markets. cbroderick. Thu, 08/12/2021 - 10:27.

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Homebuyers Boost Recovery of Multiple Sectors

Pro Builder

Historically low interest rates are luring in auto and home buyers, many of whom have higher incomes and firmer job security than low-wage, service-sector workers hardest-hit during the recession, economists and industry experts say. Financial.

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Homebuyers Unable to Find Traditional Mortgages Are Trying Out Alternative Financing

Pro Builder

Some homebuyers who are unable to secure traditional mortgages are taking a risk and turning to alternative financing options that lack consumer protections. Because buyers lack proof of ownership, their payments may not build equity in the property, and it may not be clear who is responsible for taxes and repairs. New-Home Sales.

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

Pro Builder

Home value increases have taken more than 1 million homes out of an “underwater” status, meaning the loans secured by the property were 25% higher than the home’s market value. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 Housing Policy + Finance. cbroderick.

Equity 52