US Homeowners haven’t drained cash out of their houses this fast since 2008

oktober 13, 2024

In the first half of this year

lenders originated more than 333,000 new home-equity loans totaling about $23.6 billion

With home values soaring over the last few years, homeowners who have built up equity are turning to home-equity loans to cash in on their gains.

Homeowners are tapping into their home equity to cover expenses such as home renovations or to consolidate debt. They’re taking on a second mortgage rather than refinancing because they want to avoid giving up the relatively low rate on their primary mortgage.

Aarthi Swaminathan MarketWatch 12 October 2024

https://www.marketwatch.com/story/homeowners-havent-drained-cash-out-of-their-houses-this-fast-since-2008-2e080b36

U.S. Home Prices Hit Record in June - Sverige har en liknande utveckling

https://englundmacro.blogspot.com/2024/07/us-home-prices-hit-record-in-june.html

Housing Bubbles in America

https://englundmacro.blogspot.com/2024/06/housing-bubbles-in-america-wolf-street.html

Why the bulls are running and the consumers are buying

https://englundmacro.blogspot.com/2023/06/why-bulls-are-running-and-consumers-are.html

15 years on from the great financial crisis, there’s still plenty of risk in the market.

The financial system is still dealing with the fallout from 2008

https://englundmacro.blogspot.com/2022/09/15-years-on-from-great-financial-crisis.html

Tillbaka till Wall Street och Stockholm 12-13 oktober 2024