Tag Archive | "real estate"

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$1.1 Trillion in Home Equity Lines

According to a recent ABC article, American homeowners took out a whopping $1.1 trillion in home equity loans during the housing boom: “For decades, owning a home has not just been a measure of achievement, it has also been a measure of net worth. When home prices were ballooning Americans took out a record $1.1 trillion [...] [...more]

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Federal Reserve: American Home Equity is Shrinking

Earlier today the Federal Reserve noted that American home equity has fallen below 50% (the lowest it’s been since 1945). As a whole, homeowners owe more on their homes than they have paid off. Many news outlets have picked up the story, some indicating that the new statistic is a result of a declining [...] [...more]

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