Housing Wealth Continues to Rise

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Back to pre-financial-crisis levels?

josh

[By Josh Velazquez CMPS]

jvelazquez@bankingunusual.com

The amount of equity that Americans have in their homes has risen back up to pre-financial-crisis levels.

The interesting thing is that it still seems like there is room to grow because housing affordability is still very comfortably above its historical average (see chart below).

This is partly due to the fact that mortgage rates remain low and home ownership is still very affordable relative to renting a house.

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Bottom line: if you or someone you know missed the opportunity to purchase a home a few years ago, it may not be too late to ride this wave higher!

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Conclusion

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Drs. Home

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OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

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2 Responses

  1. Why Housing Rebound Hasn’t Lifted Economy Much

    Many homeowners don’t realize they have home equity to tap, while banks have pulled back on loan amounts and other types of loans have become cheaper.

    http://www.wsj.com/articles/why-the-housing-rebound-hasnt-lifted-the-u-s-economy-much-1448221840

    Joel

    Like

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