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Cash-out refis reach $1.2T in 2021, highest level since 2005

Housing Wire

trillion in cash-out refis in 2021, up 20% compared to the prior year, the highest volume since 2005. in 2021, highest level since 2005 appeared first on HousingWire. Record home prices in recent years have pushed tappable home equity to new heights, increasing the demand for one specific product: cash-out refis.

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Home prices haven’t risen this fast since 2005

Housing Wire

The March gain is also the largest since December 2005 and is one of the largest in the index’s 30-year history, said Craig Lazzara, managing director and global head of index investment strategy at S&P DJI. ” The post Home prices haven’t risen this fast since 2005 appeared first on HousingWire. In fact, they rose 13.2%

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Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise

Appraisal Buzz

March’s year-over-year gain in home prices had not been exceeded since December 2005, The post Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise appeared first on Appraisal Buzz.

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Redfin: Boomers aging in place is ‘the driving force’ behind median homeowner tenure doubling since 2005

Empire Appraisal Group

Redfin: Boomers aging in place is ‘the driving force’ behind median homeowner tenure doubling since 2005 Source: [link] Over the past two decades, the median homeowner tenure has jumped from 6.5 In 2005, the median U.S. After climbing every year between 2005 and 2020, U.S. years to 11.9 homeowner tenure was 6.5

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Should we be worried about the number of underwater homes?

Housing Wire

This, combined with the 2005 Bankruptcy Reform law and the most prolonged economic and job expansion in our nation’s history before COVID-19, has created a favorable financial environment for American homeowners. But, we don’t have large numbers of American homeowners that are financially stressed right now.

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Mark Willis returns to CEO role at KW

Real Estate News

Willis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.

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What happens after the Fed’s rate hike?

Housing Wire

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005. Today, we are at 1.25

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