Homeowners Have More in Equity, But Mood Soured by Rising Mortgage Rates

Home prices have been rising for 53 straight months, lifting millions of borrowers from underwater on mortgages.

In the first three quarters of 2016 alone, howeowners added $837 billion in total equity.

But apparently those gains are not enough to counter the negative effects of rising mortgage rates.

Read More

Previous RSI Communities Buys Beaumont Site
Next Brown Revisits Efforts To Increase Housing Construction

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market 0 Comments

Renewed Life in the Inland Empire

Signs of renewed life in the Inland Empire? Despite the optimistic slant of this article, word on the street still seems to be that housing activity is sluggish in inland

Housing Market

Foreign Investors Pulling Back

There is no doubt that the foreign investor has played an out-sized role in the high-end of the housing market over the past few years, but their willingness to keep

Housing Market

The GOP Tax Plan Has The Real Estate Industry In Panic

Two powerful trade associations slammed the GOP’s tax plan on Thursday, saying the reduction of a key benefit for homeowners could hurt the market.