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Opinion: How did homeowners get into home equity prison?

Housing Wire

As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. Stated differently, you are dealing with individuals that may be in an equity prison. It comforts them for a brief moment.

Equity 459
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Fannie Mae’s chief economist on housing market outlook

Housing Wire

They did for a quarter as households sort of adjusted to the idea that they were going to be running at a new higher level. For existing homeowners, that’s good news because it means equity accumulation. These loans are going to refinance, and the consumer will be in good shape, building equity to become a move-up buyer.

FHA loan 476
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Foreclosure filings begin to increase as financially distressed homeowners no longer have the option to refinance and access their equity, and the tighter market gives them few options to sell or downsize. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer.

Investor 105
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Looking Back on 2021

GeekEstate

However, bankruptcy filings showing $1.29 The residential analogy is if Opendoor just went belly-up with bankruptcy filings, lay-offs, and an asset fire sale from one day to the next. KATERRA BANKRUPTCY. Exit from Katerradise: This startup had been contech’s beacon of hope since its founding in 2015. Verdict : Draw.