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Homeowner Equity Rises in North Carolina in 2nd Quarter of 2017

meghanriley General Real Estate Leave a Comment

One way to determine the health of an economy is by looking at the available homeowner equity. The more equity that exists, the more money homeowners have to put into the system. Every quarter, financial analytics company CoreLogic® releases an equity report outlining the current state of home equity. These are the results for the second quarter of 2017. Nationwide …

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Home Equity Rises in North Carolina in 1st Quarter of 2017

meghanriley General Real Estate Leave a Comment

It’s been 6 years since the height of the housing crisis. Since then, 9 million home loan borrowers have regained equity in their homes. These facts remain important as we look for indicators for how the current economy is performing. Home equity is a large chunk of homeowner wealth, and supports spending and broader economic health. CoreLogic®, who collects and …

Where North Carolina Ranks with Home Equity – Q1 2016

meghanriley Homeowner Tips Leave a Comment

 According to CoreLogic’s recent “Homeowner Equity Report”, over 1 million homeowners rose above negative equity in the past year. In the first quarter of 2016 alone, 268,000 homes regained positive equity taking the nation up to 46.7 million mortgaged properties with equity. If this trend continues and national home prices rise 5%, about 1 million more homeowners will regain positive …

How Equity Builds in a Home

melaniecameron Homeowner Tips Leave a Comment

Happy Monday!  I hope everyone is looking forward to the Thanksgiving holiday and have fun plans on the agenda.  Whatever your plans, blessings to you and your family for a wonderful Thanksgiving! The Keeping Current Matters (KCM) Blog had an interesting article this morning that explains how important homeownership and equity help build wealth that I wanted to share. There …

Underwater? What Not to Do with New Found Equity

meghanriley Homeowner Tips Leave a Comment

According to a recent report from CoreLogic, 1.3 million underwater borrowers have been pushed up into positive equity since the beginning of the year. If national prices increase 5%, 2 million more underwater borrowers will join them. If inventory continues to shrink, we may see just that. But, more importantly, this news brings to light an important topic – What …