The rising cost of almost everything from groceries to gas right now leads to speculation that more people won’t be able to afford their mortgage payments. And that’s creating concern that many foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, experts say a… [Read More]
Using Home Equity Effectively
If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values increase and you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to the latest Equity Insights Report from CoreLogic, the average homeowner currently has… [Read More]
Foreclosure Numbers: Not Like 2008
Debunking the Foreclosure Crisis Misconception If you’ve been keeping up with the news lately, you’ve probably come across headlines discussing the increase in foreclosures in today’s housing market. This may have left you uncertain, especially considering buying a home. It’s essential to understand the context of these reports to know the truth about what’s happening… [Read More]
Understanding Home Equity
Recent years have seen significant growth in home equity, even though the pace of home price appreciation has slowed. Homeowners have seen a boost in their net worth due to rising home prices, which is expected to continue. The Homeowner Equity Insights report from CoreLogic indicates that the average homeowner’s equity has grown by $34,300… [Read More]
Why a Housing Market Crash is Not on the Horizon
If you’re one of the many Americans concerned about an impending housing market crash, take heart: recent data indicates that today’s market is fundamentally different from the pre-2008 housing market, making a similar crash far less likely. One of the major differences lies in mortgage standards, which are much stricter today than before the last… [Read More]
Don’t Fear Foreclosure Headlines
You’re certainly not alone if you’ve seen recent headlines about foreclosures surging in the housing market. There’s no doubt the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. However, the data shows a foreclosure crisis is… [Read More]
Current Market vs 15 Years Ago🏡
Undoubtedly, today’s housing market is very different from the frantic one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. However, while there may be a few similarities, there are significant… [Read More]
Home Equity for Homeowners
Experts agree there’s no chance of a large-scale foreclosure crisis like we saw in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically… [Read More]