Tuesday, June 21, 2022 / by Kenneth Brands
If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it works.
Because there’s an ongoing imbalance between the number of homes available for sale and the number of buyers looking to make a purchase, home prices are on the rise. That means your home is worth more in today’s market because it’s in high demand. As Patrick Dodd, President and CEO of CoreLogic, explains:
“Price growth is the key ingredient for the creation of home equity wealth. . . . This has led to the largest one-year gain in average home equity wealth for owners. . . .”
Basically, because your home value has likely climbed so much, your equity has increased too. According to the latest Homeowne ...
Friday, November 26, 2021 / by Kenneth Brands
With the forebearance program coming to an end and mortgage rates beginning to rise, home buyers and home sellers are turning to local real estate experts to understand how this will impact the Dallas-Fort Worth Real Estate Market.
With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, I expect we'll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources like Biggs Realty for a look at what to expect from the housing market in 2022.
There are already alarmist headlines starting to appear. Here are two recent topics you may have seen in the news.
1. Foreclosures Are Spiking Today
There are a number of headlines circulating that call out the rising foreclosures in today’s real estate market. Those stories focus on an overly narrow view on that topic: the current vo ...
Saturday, March 27, 2021 / by Kenneth Brands
Dallas’ New Investment Hot Spot
Dan Bowman, Executive Director & CEO, AEDC. Image courtesy of AEDC
As an increasing number of people and businesses alike move in from both coasts, the Dallas-Fort Worth metroplex is set to continue to be a top economic performer among Texas metros. The constant addition of high-paying jobs in
the past few years has been fueling growth not only in the metro’s core but also in its outskirts. Allen, a northern suburb of Dallas, is constantly investing in education and using its business-friendly environment to entice high-profile companies to this emerging suburb, while also retaining its small-town feel.
In charge of facilitating business relocations and expansions, the Allen Economic Development Corp. has supported projects that have added almost $41 billion to the city of Allen and the wider regional economy since its inception, according to a recent Insight Research Corp. study that exami ...