What would it take for you to bite the bullet and finally buy a home, or sell your current home for something that better suits your needs? For most people, it wouldn’t be a sudden uptick in housing inventory or a drastic decrease in home prices — though, that would probably help. Instead, according to
America’s home equity has doubled in seven years. Homes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up from $15.6 trillion in the first quarter of 2017. The figure represents the nation’s collective home equity: How much all the homes are
Interest rates are high and housing supply is low, making this a tough housing market but one that’s not impossible to navigate, experts say. There are still many ways to maximize a budget if you’re a buyer or ensure you earn top dollar and trim your costs if you’re a seller. Strategies include knowing what
More affordable homes are coming onto the market. In May, there were 35.2% more homes for sale than a year earlier. Every region in the U.S. saw gains in May. Mortgage rates are high, home prices are lofty and selection is slim. There isn’t much to like about the housing market, except for one small
This article is copublished withThe Markup, a nonprofit, investigative newsroom that challenges technology to serve the public good. When someone applies for a mortgage, they trust a home loan lender or mortgage broker with some of the most sensitive information they have: information about their credit, their home, and the personal details of their lives.