On Tue, 10 Jul 2018 06:53:06 -0400, "BurfordTJustice"
wrote:

Homeowners are sitting on a record amount of cash - and not tapping it
a.. Homeowners now have a collective $5.8 trillion in tappable equity, the
highest volume ever recorded.
b.. The average homeowner with a mortgage gained $14,700 in tappable
equity over the past year and has $113,900 available to draw.
c.. Consumer confidence in the housing market, which has been quite
bullish, is actually dropping now.
.S. homeowners today are getting richer by the minute, but they are less
likely to cash in on their newfound wealth than during previous housing
booms. As home values rise, home equity lines of credit, often used to tap
home equity, are flatlining, and the overall amount of money people are
taking out of their homes is shrinking.
The collective amount of so-called tappable equity, which is the appraised
value of a home minus the 20 percent most lenders require borrowers to keep
as a safety net, grew by 7 percent in the first quarter of this year
compared with the previous quarter, according to Black Knight, a mortgage
software and analytics company. That is the largest single-quarter growth
since the company began tracking it in 2005. It is up 16.5 percent compared
with a year ago.

Homeowners now have a collective $5.8 trillion in tappable equity, the
highest volume ever recorded and 16 percent above the last home price peak
in 2006. The average homeowner with a mortgage gained $14,700 in tappable
equity over the past year and has $113,900 available to draw. This is the
amount over and above 20 percent of the value of the average home


People may just be smarter now. Funny how losing your house because
you missed a car payment will enlighten people. Your house is not your
piggy bank.

On 7/10/2018 11:28 AM, wrote:
On Tue, 10 Jul 2018 06:53:06 -0400, "BurfordTJustice"
wrote:

Homeowners are sitting on a record amount of cash - and not tapping it
a.. Homeowners now have a collective $5.8 trillion in tappable equity, the
highest volume ever recorded.
b.. The average homeowner with a mortgage gained $14,700 in tappable
equity over the past year and has $113,900 available to draw.
c.. Consumer confidence in the housing market, which has been quite
bullish, is actually dropping now.
.S. homeowners today are getting richer by the minute, but they are less
likely to cash in on their newfound wealth than during previous housing
booms. As home values rise, home equity lines of credit, often used to tap
home equity, are flatlining, and the overall amount of money people are
taking out of their homes is shrinking.
The collective amount of so-called tappable equity, which is the appraised
value of a home minus the 20 percent most lenders require borrowers to keep
as a safety net, grew by 7 percent in the first quarter of this year
compared with the previous quarter, according to Black Knight, a mortgage
software and analytics company. That is the largest single-quarter growth
since the company began tracking it in 2005. It is up 16.5 percent compared
with a year ago.

Homeowners now have a collective $5.8 trillion in tappable equity, the
highest volume ever recorded and 16 percent above the last home price peak
in 2006. The average homeowner with a mortgage gained $14,700 in tappable
equity over the past year and has $113,900 available to draw. This is the
amount over and above 20 percent of the value of the average home


People may just be smarter now. Funny how losing your house because
you missed a car payment will enlighten people. Your house is not your
piggy bank.

There are politicians here that say this wealth should dipped into for
government spending as after all the nation made it possible.