The average annual equity gains in Q2 2021 were five times the equity gain compared with Q2 2020.
National Home Equity Trends
Due to soaring home prices over the past year, home equity wealth grew to new highs during the first half of 2021, according to the latest CoreLogic Equity Report.
Nationwide, the average annual equity gain was $51,000 per borrower, the...
Families of color could be missing out on the full benefits of homeownership and/or could be precluded from obtaining necessary financing to realize the American Dream due to appraisal gaps.
Two Appraisals on Same House Likely Different Based on Race
Freddie Mac recently released an analysis of more than 12M home appraisals. Freddie found that where the home being appraised in...
Tim and Julie Harris help you systematically get out of your own way and gain control over your mind first, then your business!
Get more sleep! Listen to our podcast about sleep. You're more likely to wreck your car from lack of sleep than you are from alcohol.
-Book: Why we sleep: Unlocking the power of sleep and dreams (Dr Matthew Walker)
Cut the...
After two straight months of declines, pending home sales bounced back to beat projections in August.
Pending Home Sales jumped +8.1% in August
All four regions of the country posted monthly gains in pending home sales during the month of August, according to the National Association of REALTORS• (NAR) Pending Home Sales Index (PHSI).
The PHSI bounced up to 119.5 in August,...
Though gross profit on typical home flips rose to $67,000 in Q2 2021, the return on investment (ROI) on typical flips dropped. This post focuses on places where ROI was the highest and lowest for flipped houses.
Home Flipping Still Profitable, Just Not As Much
Despite gross flipped profits on home increasing to $67,000 in Q2 2021, the return on investment...
Household net worth in the US jumped to record high of $141.7T in Q2 2021.
US Household Net Worth Jumped +4.3% in Q2
A new report from the Federal Reserve indicated that household net worth in the US increased by $5.8T, or +4.3%, to $141.7T during Q2 2021.
This record-setting second quarter high was made possible by a +$3.5T gain in the value...
Ever feel like you just can't handle one more thing? Suffer from the 3am Real Estate Night Sweats? Listen to today's podcast with Tim and Julie Harris to get back into control.
Mindset check first... are you feeling 'overwhelmed' or are you simply surrounded by lots of opportunity?
READ: 2022 Top Agent Success Secrets : New FREE Real Estate Coaching Web...
Home price growth accelerated to a record high in July, +19.7% y/y.
Record Home Price Growth Fueled by Migration from Coastal Residents to Affordable Metros
According to the latest S&P CoreLogic Case-Shiller Index, home price growth hit a new record high of +19.7% y/y in July. On its monthly index, home price growth hit +1.62%, the fastest June-to-July rate of price...
Two bills have recently become state law that address California’s two deepening housing problems: housing affordability/shortage and homelessness.
Tackling California’s Housing Shortage to Relieve Affordability Crisis and Homelessness
With a median housing cost of well over $800,000 due to its “pervasive” inventory shortage, according to Jonathan Miller, president of Miller Samuel Appraiser, “ It’s obvious that California needs more housing. “
One...
With home price growth exploding +19.7% in July, now is the time to look at predictions about which cities may see the highest home price growth during the first half of 2022.
Zillow Forecast Housing Markets Most Likely to See Boom in Home Prices During First Half of 2022
In the midst of ballooning home prices (+19.7% in July, according to...
