Homeowners are sitting on a record amount of equity, but this time they're stubbornly reluctant to borrow against it. Strong home price appreciation has handed Americans more than $5.8 trillion of equity they could be tapping and aren't, more than double the level in 2011, according to data provider...

Topics:  americans   homeowners   equity   tap   
BING NEWS:
  • Blacks have lost $150 billion in equity due to biased home appraisals
    For most consumers, buying a home is the single-largest investment of their life-times. But for Black America, home equity – the increase in market value from the time of purchase ...
    12/1/2024 - 2:27 am | View Link
  • US equity funds attract inflows for fourth successive week
    U.S. investors poured money into equity funds in the week ended Nov. 27, buoyed by the naming of officials for the new Trump administration and a fall in Treasury yields, which alleviated concerns ...
    11/28/2024 - 10:43 pm | View Link
  • What home equity borrowers should think about before applying now
    Home equity borrowing should be approached carefully and strategically. Here's what owners should think about now.
    11/27/2024 - 5:03 am | View Link
  • How much equity can you borrow with a HELOC?
    Against this backdrop, home equity borrowing stands out as one of the most cost-effective financing options available. Home equity loan rates currently average 8.40%, while HELOCs ...
    11/27/2024 - 3:28 am | View Link
  • Should You Use Home Equity for Holiday Expenses?
    It can be tempting to tap home equity for the festive season. After all, it's your money, and it's cheaper than other financing methods. But it’s risky, experts say.
    11/27/2024 - 3:06 am | View Link
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