Monday, May 6, 2024 | The Latest Buzz for the Appraisal Industry

Omar Jordan: Home Equity Lending Set to Surge as Homeowners Mostly Stay Put

PERSON OF THE WEEK: Due to rapidly rising home prices, homeowners have amassed considerable home equity during the past year. And they are increasingly tapping into that equity for home improvements including backyard sanctuaries.

The demand for home equity loans and lines of credit is likely to increase because many homeowners – following the pandemic’s lockdowns – who might otherwise have “moved up,” now find themselves “trapped,” due to rising prices and lack of

This post was originally published on this site

Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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