Housing Wire
OCTOBER 13, 2022
Key findings of the study show: On a national scale, the median value of a mobile home is $61,400 to $220,000 less than that of a single-family home, although median mobile home values increased by an average of 34.58% from 2016 to 2021. Only in these states are median mobile home values more than $100,000.
Housing Wire
JANUARY 27, 2025
The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.
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Appraisal Buzz
FEBRUARY 17, 2025
The lock-in effect refers to the fact that many people choose to remain in their present residence rather than selling and purchasing a new one at a higher rate because even more have rates lower than the current weekly average of 6.95% as of January 30. In contrast, the interest rate for 82.8%
Housing Wire
OCTOBER 4, 2024
This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) in partnership with data analytics firm RiskSpan. billion) increase in senior home values, which was offset by a 0.89% (or $20.9
Housing Wire
MARCH 26, 2025
The Civil Rights Movement changed that reality and sparked a phenomenon known as white flight, referring to the mass exodus of white residents from a particular area. According to UCLA, 57% of the Black homeowners who lost homes there were older than 65. The average home value in Altadena is $1.3 Thats up 3.5%
Housing Wire
FEBRUARY 10, 2021
Despite what Zillow officials referred to as a “rough” first half of the year due to COVID-19’s impact on the economy, the $789 million represents a consolidated revenue growth of 22% from 2019. According to Zillow’s own Home Value Index , the company expects seasonally adjusted home values to increase by 3.7%
Housing Wire
AUGUST 5, 2024
roughly three in five — now have at least $100,000 in tappable home equity, which refers to the amount of equity they can access while maintaining a stable 20% equity “cushion.” Total cumulative debt leverage — essentially a loan-to-value ratio for the entire mortgage market — is equivalent to 44.1% There are 4.6
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