June 11th, 2019


The housing market, one could say, has a constant ebb and flow to it. And right now, the Fed would say home values are flowing. According to its recent Flow of Funds report, the Federal Reserve found that the value of owner-occupied homes reached an all time collective high of $26.1 trillion, which is 15% higher than the bubble peak back in ‘06. At the same time, we are also seeing the highest levels of homeowner equity since 2002, with Americans owning 60.4% of their homes in Q1. Furthermore, according to a new study by CoreLogic, 63% of homeowners who have a mortgage on their property saw a 5.6% growth in equity between Q1 of 2018 and Q1 of this year.

Bottom line: values are high, equity is high, so now might be a darn good time to up your cash-out / debt-elimination game and create true value for your borrowers that your competitors are not taking the time to do.