CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. Northern Colorado home equity rates are no exception. “U.S homeowners with mortgages (roughly 63% of all the properties) have seen their […]
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In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.”
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Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. One of the many things this study looks at is net worth of all groups of people. The study revealed that the 2016 median net […]
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Recent reports have found many homes across the country have regained significant equity since the housing crisis. Colorado home equity is no exception; nearly 90% of homes in Colorado have significant home equity, meaning many homeowners in Colorado are in great position to sell their current homes, leveraging this equity to make dreams come true. […]
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We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can […]
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