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U.S. Homeowners Gained $620 Billion of Increased Equity in Q2

U.S. Homeowners Gained $620 Billion of Increased Equity in Q2

 

CoreLogic’s latest Home Equity Report for the second quarter of 2020 shows U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 6.6% year over year. This represents a collective equity gain of $620 billion, and an average gain of $9,800 per homeowner, since the second quarter of 2019.

 

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“LatinX” Americans Drive U.S. Homeownership Gains

“LatinX” Americans Drive U.S. Homeownership Gains

 

Zillow revealed that Latinx, a term used to refer to people and heads of households that identify with at least one Hispanic, Latino or Spanish origin, has seen a boost in their share of households in the U.S. The report revealed that the share of Latinx households in the U.S. is at it’s highest level since the housing burst.

 

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Houston, TX homeowners demanding HOA refunds for COVID related closures

Houston, TX homeowners demanding HOA refunds for COVID related closures

In the news is something that could become a trend. Houston, TX homeowners are demanding refunds from their HOAs for the cost of amenities like pools and gyms are closed due to COVID restrictions. One homeowner quoted is paying $720/quarter in dues and wants refunds.

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Pandemic Home Office Demand Boosts Renovation Loans

Pandemic Home Office Demand Boosts Renovation Loans

 

Vexed by work-from-home arrangements owing to the COVID-19 pandemic, homeowners are taking the long view and rethinking floor plans. The reality is, home offices are no longer a luxury.

 

In the initial three weeks of public health lockdowns in March, according to Gallup, the percentage of employed Americans working from home doubled to 62%. Of these workers, three in five said they’d prefer to work from home when restrictions are lifted. Homeowners are serious about dedicating room for work.

 

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