Tappable equity in for significant drop in third quarter?
Reading Time: 2 minutesWith Black Knight’s July data showing the largest single-month dip in U.S. home-price growth since 2011, the company reported that tappable equity — the amount a homeowner can borrow against while maintaining a 20% equity stake — appears to have peaked. The second quarter marked the 10th straight record-high period for tappable equity, with homeowners carrying […]
Typical homes sold for less than list price in August
Reading Time: 2 minutesGone, evidently, are the halcyon days of the pandemic-era housing boom in which homes sold for thousands of dollars more than the asking price, as Redfin reported that the average sale-to-list-price ratio fell below 100% for the first time since March 2021. The average home sold for less than its list price during the four-week […]
