93.9% Of Homes in The US Have Positive Equity

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5 percent this year.

The study also revealed that:

Roughly 63 percent of all homeowners have seen their equity increase since Q1 2016

The average homeowner gained about $14,000 in equity between Q1 2016 and Q1 2017

Only 1.6 percent of residential properties are near-negative equity

Below is a map...

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Tiny Might Be Trendy, but Homebuilders Have Been Thinking Big—Until Now

These days it seems like it's all about downsizing. Millennials and baby boomers are competing for the same smaller, more affordable, and easier to manage abodes, and everyone is talking about tiny homes.

But lest you think that tiny is the new big, a recent analysis of 25 years of homebuilding shows that builders, who doubled down on pricey McMansions after the recession, have been slow to pivot to meet the changing needs of home buyers.

About 23.2 percent of the homes built in the 1990s were 3,000...

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New Home Construction Is Finally Rising—What That Means for Buyers

Homebuilders have been busy this summer—and that might make the home-buying search better for many Americans on the prowl for the place of their dreams.

Builders received 7.4 percent more permits to put up new homes in June compared with May, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. That's a 5.1 percent increase over June 2016.

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How Credit Scores are Tabulated – And What That Means for Homebuyers

By now, every serious homebuyer should have checked his or her credit score – that all-important snapshot in time about how one utilizes credit – corrected any errors and taken steps to erase any bad marks against them.

Without a decent credit score, lenders may not offer the best rates and terms, if they offer financing at all. But here are some things most people don’t know about how their scores are tabulated.

For starters, young buyers who are just getting hitched should...

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