Jobber Projects Home Services Growth Possible in Second-Half 2024

Home service software provider Jobber, Edmonton, Alberta, released its Home Service Economic Report for the second quarter, finding that consumer spending on home services, such as renovations, may grow in the second half of this year.

Homeowner Equity Dips in Q1, ATTOM Finds

ATTOM, Irvine, Calif., released its first-quarter 2024 U.S. Home Equity and Underwater report, revealing 45.8% of mortgaged residential properties in the U.S. are equity-rich.

ICE Mortgage Monitor: Q1 Sees Record Levels of Tappable Equity

Intercontinental Exchange Inc., Atlanta, released its ICE Mortgage Monitor report for May, finding that homeowners with mortgages closed out the first quarter with a record $16.9 trillion in equity–$11 trillion of which was tappable.

ATTOM: Portion of Equity-Rich Homes Dips Slightly in Q4

ATTOM, Irvine, Calif., released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, showing 46.1% of mortgaged residential properties in the U.S. were considered equity-rich, a slight drop from 47.4% in the third quarter.

TD Bank Survey: Homeowners Plan to Tap Into Equity for Renovations

TD Bank, Cherry Hill, N.J., released its HELOC Trend Watch survey, finding that 38% of homeowners who are renovating their properties within the next two years intend to use a home equity line of credit or home equity loan for funds.

Homeowner Equity Improves in Second Quarter

ATTOM, Irvine, Calif., reported nearly half–49%–of mortgaged residential properties in the United States were considered equity-rich in the second quarter, up from 47% in early 2023.

MBA Offers FHFA Recommendations on Housing Equity

The Mortgage Bankers Association, in a letter to the Federal Housing Finance Agency, offered a set of recommendations addressing the Agency’s efforts to improve home equity, particularly with respect to the racial homeownership gap.

Jack Huntress of HomeBinder: Equity Building is Key to Homeowners’ Hearts

In response to their dwindling refinance volume, mortgage lenders have begun recalibrating their outreach strategies to capture the shift toward purchase and home-equity demand. In this market, lenders with a finely tuned formula for nurturing repeat customers will succeed where others flounder.