Found 3 blog entries tagged as home equity.

The view from the top of Sixth and Guadalupe affords a unique view of the Austin skyline. Here is the view looking southeast, toward East Austin. ARNOLD WELLS / ABJ

Austin Business Journal writes, "In his 2005 State of the City address, then-Austin Mayor Will Wynn — fresh off leading the Downtown Austin Alliance — had a goal of 25,000 people living in downtown Austin.

At the time, about 5,000 people called the Central Business District home. Almost 20 years later, downtown is still far short of that goal but growth has ramped up as thousands of new apartments and condos rise toward the sky. 

The DAA now pegs downtown's population at about 15,000. Almost 900 were added last year, DAA reports. They come for the high-rise living, entertainment, quality restaurants and urban hike-and-bike trails.

It's an appealing package if you can afford it — the downtown ZIP code, 78701, is now the wealthiest in the area…

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Austin Business Journal reports, "American homeowners continue to build significant equity even as the housing market has slowed and home prices aren't rising as rapidly as they did in recent years.

U.S. homeowners with a mortgage pulled in $28,000 in equity gains on average year over year in the first quarter, the highest amount since late 2022, according to CoreLogic Inc. That average year-over-year increase of 9.6% translates to a collective gain of $1.5 trillion and means net homeowner equity totaled more than $17 trillion at the end of Q1.

The implications behind homeowners' gains in home equity are varying, but the gains seen since the Covid-19 pandemic ultimately mean homeowners are gaining wealth, said Selma Hepp, chief economist at…

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Realtor.com writes, "what a difference a year can make.

Today’s mortgage rates are more than 1 percentage point higher than a year ago. Plus, rates edged even further up this week, to 6.39% for a 30-year fixed-rate loan, compared with 6.35% a week earlier, according to Freddie Mac.

These stubbornly high interest rates, combined with headstrong home prices, have plunged the entire housing market into a strange sort of stalemate.

On the one hand, 82% of home sellers feel “locked in” by the low mortgage rates they’d secured years earlier. Meanwhile, cash-strapped homebuyers with few new listings to pique their interest feel locked out of the American dream.

Yet despite this unrelenting real estate limbo, there are small signs of life kicking…

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