176: With Home Equity at an All-Time High, Will Homeowners “Lock-In” Even More? w/Molly Boesel
Home equity just hit an all-time high for Americans. And while this is great for homeowners, what effects could this have on the housing market? Will house hoarding become a new trend as homeowners “lock in” with their rock-bottom mortgage rates? Will those who are equity-rich take their profits and move to cheaper markets, causing prices to skyrocket as they bid higher than local buyers can? Molly Boesel, Principal Economist at CoreLogic, is on to answer these questions and more!
CoreLogic’s latest Homeowner Equity Insights report has a clear takeaway: Americans are equity rich—really equity…
The skinny
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