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More Americans Became Equity Rich During the Pandemic

Pro Builder

More Americans Became Equity Rich During the Pandemic. As home prices reach record highs, more homeowners are gaining significant equity, meaning that some can even sell their homes for twice the amount they owe on their mortgages, according to Realtor.com. of homes with equity in the United States were equity rich compared with 28.3%

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Pandemic Makes Homeowners $1 Trillion Richer

Pro Builder

American homeowners have collectively gained $1 trillion in home equity since the beginning of the pandemic. jump in equity, according to numbers from CoreLogic. On average per homeowner, that would be a $17,000 gain—the highest equity gain in more than six years. But not all homes are equal. Read More. .

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More House Hunters Are Seeking Out Diverse Neighborhoods

Pro Builder

By including neighborhoods in development planning and blending market-rate homes and affordable units, social considerations are becoming a major aspect of new construction projects, says The Washington Post. a nonprofit real-estate and land-use research group.

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Amazon Commits $300 Million for Affordable Housing

Pro Builder

The company will use $300 million from its Housing Equity Fund for the development of the units in the cities where its headquarters are located, but it’s just a part of Amazon’s $2 billion commitment to invest in its cities. It’s the latest round in Amazon’s Housing Equity Fund partnership in the greater Washington region.

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Multifamily visionary: AvalonBay’s relentless attention to detail

BD+C

The publicly traded equity REIT traces its origins to 1978 and the formation of Bay Apartment Communities, which merged with Avalon Properties Inc.

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Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Housing prices are high all around, but low mortgage rates, rising wages, and home-equity wealth are giving buyers an edge over renters. housing markets, according to The Washington Post. In areas like Washington D.C., Home sales prices increased nationwide by 18.1% Home sales prices increased nationwide by 18.1%

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U.S. Cities Tackle Energy Efficiency in 2021

Pro Builder

San Francisco, Washington and Boston rose to the top in the transportation policies category, which measured investments in efficient and sustainable vehicle fleets and infrastructure, among other efforts. The West Coast dominated the list of energy efficient cities with four California metros in the top 10.