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Home Values Surge in Q2

Appraisal Buzz

of mortgaged residential properties were considered equity-rich, a term indicating that the combined estimated loan balances secured by those properties were no more than half of their estimated market values. of homes were equity-rich, matching a high point reached in the spring of the previous year.

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Housing Market Nears $50T Valuation Milestone

Appraisal Buzz

housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 In a decade, the value of U.S. homes has more than doubled, rising nearly 120% from $22.7 New Brunswick’s total home value surged 13.3% This represents a $3.1

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Total Value of U.S. Homes Bordered $3T in 2024 

Appraisal Buzz

The combined value of U.S. homes gained $2.5 In percentage terms, the total value of the U.S. housing market grew 5.2% There are more homes for sale right now than in recent years and that has led to buyers markets in many areas of the country. In 2024, Floridas housing market had several challenges.

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Q4 Home Equity Holds Steady Nationwide

Appraisal Buzz

Home Equity & Underwater Report , which shows that 47.7% were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. Thats typical for the slower Fall home buying season.

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Almost half of homes in the US are now ‘equity-rich’: ATTOM

Housing Wire

of mortgaged homes were “equity-rich,” defined as having a loan balance of less than half of the estimated market value of those homes. In addition, the number of homes with a mortgage balance of more than 25% of the property’s estimated market value — or “seriously underwater” — fell from 2.7%

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Property taxes have been rising. Here’s what it means for housing

Housing Wire

single-family home was $3,901, up 3% compared to 2021, ATTOM reported. ATTOM’s figures are estimates based on an analysis of local tax data, home values and the use of an automated valuation model. High tax burdens can play a major factor in whether buyers get priced out of a potential home purchase,” Barber said.

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Equity jumps for Black homeowners, but problems remain

Housing Wire

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.