CoreLogic’s Q1 Homeowner Equity Report
- "...an average gain of $33,400 per borrower, since Q1 of 2020." CoreLogic via Eric C. Peck, MReport.
- “Homeowner equity has more than doubled over the past decade... These gains have become an important financial tool and boosted consumer confidence in the U.S. housing market..." Frank Martell, President and CEO of CoreLogic.
- “Double-digit home price growth in the past year has bolstered home equity to a record amount. ...11.4% rise in the year through March 2021, leading to a $216,000 increase in the average amount of equity held by homeowners with a mortgage,” Dr. Frank Nothaft, Chief Economist for CoreLogic.
https://themreport.com/daily-dose/06-10-2021/q1-homeowner-equity-gains-hit-1-9-trillion
https://jordaansieben.blogspot.com/2021/06/19-trillion-in-equity-gains-for.html
Jordaan Sieben Loan Officer NMLS 163244 Lic.#: MO-1630244, LO69889
Mason Mortgage Advisors NMLS 1209607 11862 Lackland Rd. Saint Louis MO 63146
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Nevada/California real estate is crazy right now. People are getting way over asking price, and way over what they originally paid for their home. Bay Area Californians are moving into Nevada so fast, and driving all the pricing up.
ReplyDeleteAre they relocating just over the boarder, or all over the state of Nevada? Of the people leaving California, are more going to Nevada than Texas?
DeleteThey are moving every where but California. I have heard traffic and high taxes as the reasons. I think most are staying in Nevada though, because they want access to the lake and ski areas. Covid has kept people from having to go into the office. So they work from home, and get to play harder being closer to Lake Tahoe. Incline Village, Zephyr Cove, Stateline,Carson City, Reno all offer minutes away from Big Blue. Then we have ski resorts at Mt. Rose, Heavenly, and Kirkwood as the closest
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