An Increasing Number of Homeowners Tapping Into Home Equity - theMReport.com


As the housing market finally displays signs of continued cooling, home prices across the nation remain at inflated highs, with Americans sitting on a record $27.8 trillion in home equity, according to a new study from LendingTree —an estimated $333,000 worth of equity for each owner-occupied housing unit in the nation.



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Here are 3 smart moves every first-time homebuyer should know right now. Always get pre-approved before you start looking at homes online. Factor in things like property taxes and home insurance into your budget. And be sure to get an inspection, so you’re not caught off guard by costly repairs. While they may sound simple, these tips matter. And if you haven’t bought a house before, you may not realize just how important they are. Do you want more advice to make this process easier? DM me and let’s chat.