Many Americans may not know it, but they’re sitting on a gold mine just waiting to be tapped. The total equity held in real estate by homeowners is now nearly $36 trillion, according to the latest Federal Reserve data. That marks an increase of over $175 billion over the past year. When measured as a […]
Appraising the evolution of home equity usage Read More »
Optimal Blue’s Market Volume Index, which tracks mortgage rate lock activity, fell below 100 in November for the first time since August, reflecting typical seasonal trends. Processing Content Still, aided by lower interest rates in the second half of the year, November marked the strongest reading for this metric since 2021, strong by any measure,
Lower rates drive best November lock activity in years Read More »
With affordability at the forefront of issues in the housing market, a Democratic senator looks to crack down on owners of manufactured housing communities. Processing Content Sen. Maggie Hassan from New Hampshire sent letters to six corporate owners of these communities Tuesday, looking for clarity on affordability and living conditions for their residents. Hassan, a
Senator presses corporate owners on manufactured home rents Read More »