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Entries by Debbie Patella

Household Home Equity nears $15 Trillion (sorry renters you missed out)
Home equity levels have been rising at a rapid rate each year since hovering around the $6 trillion mark in 2011.
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Homeowners would rather upgrade than buy
Given a choice between spending a fixed amount of money on a down payment for a new home or using that same money to fix up their current home, 76 percent of Americans will choose to renovate.
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Could more Homes hit the Market?
The biggest issue with the housing market over the past couple of years is that it has been heavily slanted towards a "sellers' market. Is the market starting to turn?
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Top States for Retirement
From cost of living to climate and health care, many factors go into deciding where to retire. WalletHub is out with a new list of best states for older Americans. The personal finance website looked into 41 key indicators of retirement-friendliness and ranked each of the 50 states.
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Household Wealth Hits a New Record High
Homeowners’ real estate holdings minus the change in mortgage debt rose by $320.1 billion (a positive number means that the value of real estate is growing at a faster pace than household mortgage debt). 
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What to do with all of those leftover shipping containers?
Shipping containers didn't exist in 1950. Today, roughly seventeen million travel the world on ships, trains, and trucks. While re-purposing these containers has been commonplace in smaller "tiny home" communities, it appears that living in containers has just entered the main stream with multifamily units.
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Homebuyers are Stretching the Most in these Cities
A well-known rule of thumb says that the home price should not exceed three times the buyer’s annual income. When a mortgage is used to buy a house, the ratio of amount borrowed to income is the extent to which a borrower is leveraged. In this study, we compared leverage ratios across cities to see where borrowers are stretching the most to purchase a home.
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Commuting Time a Consideration in Housing
A person's commuting time is a growing consideration as people are focusing more on their quality of life.
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Student Loan Debt a Hurdle to Buying a Home
With millions of college students returning to campus this month, student debt and their housing options after graduation are in focus.
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Fannie Mae Upgrades Economic Outlook
Breakneck headline growth in the second quarter disguised a detail largely responsible for the latest upward revision to our full-year growth forecast
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Where are the Millennial-led Households?
Affordability is the big issue, with the high costs of living, escalating rental rates and rising home prices — factors that impact people of all ages, but might seem especially daunting to younger generations with typically fewer resources and lower salaries.
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Strict Land Use = Higher Values
Home values in the most restrictive metropolitan areas grew an average of 23.4 percent, more than double the home value appreciation in the least restrictive metros (9.4 percent) and about one third faster than metros in the middle (17.9 percent). 
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Millennial's have different views on Home Ownership
Contrary to reports that the recession left Millennials disillusioned about owning a home, 75 percent believe homeownership is an important long-term goal and 73 percent see real estate as a good investment. 
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Home Prices Rise/Time on Market Falls
The most recent Existing Home Sales data was just released by the National Association of Realtors and it showed a housing market that is still very strong.
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Home Builders Confidence Remains Very High
The National Association of Home Builders Sentiment Index was released today and it came in at 68. Anything above 50 is considered positive sentiment. The survey was at 64 in July of 2017. 
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