Sentences with phrase «home equity wealth»
«A 5 percent rise in home values over the next year would create another $ 1 trillion in home equity wealth for homeowners.»
rismedia.com
As homeowners stay in their homes longer before moving up, they are amassing more home equity wealth.»
Frank Nothaft, the chief economist at CoreLogic, says home price growth has been the primary driver of home equity wealth creation.
Frank also believes that this is a great sign for the market in 2018, saying, «-LSB-...] because wealth gains spur additional consumer purchases, the rise in home equity wealth during 2017 should add more than $ 50 billion to the U.S. consumption spending over the next two to three years.»
Even among Baby Boomers who do not plan to sell and down size, many may be cashing in on their more sizable home equity wealth thanks to rapidly growing home value.
«Home equity wealth has doubled during the last five years to $ 13 trillion, largely because of the recovery in home prices,» says Frank Nothaft, chief economist for CoreLogic.
So it begs the question: should Boomer parents help their adult children buy their first home with their home equity wealth or proceeds from downsizing?
«The inequality piece is that you have folks who already have home equity wealth are leveraging that to build more wealth through real estate.