MBA Chief Economist Mike Fratantoni on housing market trends
HousingWire Daily
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Home Equity Trends and Market Implications
The chapter explores the surprising growth in home equity and reduction in home equity debt, discussing the implications for market stability and strength. It highlights the untapped opportunity for lenders to assist homeowners with debt or renovation needs, while also examining the potential effects of accessing home equity on mobility and mortgage rates in the housing market. The conversation delves into interest rate fluctuations, consumer behavior, demographics of first-time home buyers, and the stability offered by long-term fixed-rate mortgages with refinancing options.
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