Amazing Property

Homeowners See Nearly 20% Equity Jump in a Year | Realtor Magazine Internet Explorer does not currently support REALTOR® Magazine search. IE users, please download Firefox, Chrome, or Edge. Existing homeowners may be feeling richer since they've received a notable boost to their home equity over the last year. Homeowners with a mortgage have seen their equity climb nearly 20% year over year, according to a new report from CoreLogic, a real estate research firm. In the first quarter of 2021, the average homeowner gained about $33,400 in equity over the past year, the study shows. Idaho, California, and Washington saw the largest equity gains at $70,900, $69,600, and $65,800, respectively. “Homeowner equity has more than doubled over the past decade and become a crucial buffer for many weathering the challenges of the pandemic,” says Frank Martell, president and CEO of CoreLogic. “These gains have become an important financia...

Has getting a loan changed since the start of 2020? Here’s what you need to know about getting finance in order to buy your first home in 2021. For all of us, 2020 threw up plenty of unexpected challenges. For those trying to buy a home, there were likely even more. However, going through the home loan process is now easier than ever and if you’re looking to buy in 2021, here’s what you need to know. You’ll need to be prepared Whether you think you’re ready to buy immediately or it’s something you’re working towards, start researching and seriously considering your options now. Have a conversation with your bank and find out what you need to get organised. Know what you need and start doing your research even if you think you’re not quite ready to buy. Picture: Pexels “Do your homework on properties before buying and speak with a lender,” NAB Mobile Home Loan Specialist, Belinda McGovern tells realestate.com.au. “Look at ...