A new survey found nearly a quarter of Americans don’t know how much home equity they have. Most ‘equity rich’ homeowners don’t understand equity loans.
The Fed said higher rates might be having a smaller effect on inflation because, in part, many homeowners locked in low mortgage rates during the pandemic.
Bankrate found that Florida buyers need to earn $114,771 to purchase a median-priced home. New construction can’t keep pace with the demand for affordable housing.