Every quarter, the U.S. Federal Reserve releases its report regarding the Financial Accounts of the United States. Although this is a very lengthy and detailed analysis, it does contain some interesting statistics on housing. The particular “nuggets” that I look for relate to the total value of residential real estate, mortgage debt and, rather importantly, details regarding homeowner equity.
- Increasing home equity will lead to increasing demand from move-up buyers.
- Equity growth acts as a cushion against unforeseen contraction in home prices.
- Increasing equity allows owners to spend more, potentially growing the U.S. economy.
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Inman Connect New York | January 29 - February 1, 2019