‘The picture keeps growing brighter’ for homeowners
Americans are sitting on a record amount of tappable home equity at $11 trillion
Home equity loosely corresponds with how much housing wealth one has: It is the difference between how much a homeowner owes on their mortgage and the market value of their house.
“Tappable equity” refers to the amount the homeowner can leverage while maintaining a 20% equity buffer. Homeowners can tap into their equity by doing a cash-out refinance or taking out a home equity line of credit.
Roughly 48 million people have access to tappable equity, which averages out to about $206,000 per homeowner, up from $185,000 at the same time last year.
RE: Typ 20 miljoner kronor, i genomsnitt.
Aarthi Swaminathan MarketWatch 6 May 2024
Powell thinks interest rates are restrictive,
that they are slowing the economy and thus should be contributing to reducing inflation.
The problem is there is also lots of evidence that they are not.
James Mackintosh Wall Street Journal 6 May 2024
Hushållens nettoförmögenheten uppgår till 21.965 miljarder kronor
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