Autumn DuBois October 25, 2022
“The total average equity per borrower has now reached almost $300,000, the highest in the data series.”
Rick Sharga, Executive VP of Market Intelligence at ATTOM Data, explains the impact this has:
“Very few of the properties entering the foreclosure process have reverted to the lender at the end of the foreclosure. . . . We believe that this may be an indication that borrowers are leveraging their equity and selling their homes rather than risking the loss of their equity in a foreclosure auction.”
This goes to show homeowners are in a completely different position this time. For those facing challenges today, many have the option to use their equity to sell their house and avoid the foreclosure process.
If you’re concerned we’re making the same mistakes that led to the housing crash, the graphs above should help alleviate your fears. Concrete data and expert insights clearly show why this is nothing like the last time.
Autumn DuBois | January 3, 2024
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Autumn DuBois | January 2, 2024
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Autumn DuBois | January 1, 2024
Understandably, you're probably wondering what may have gone wrong.
Autumn DuBois | December 31, 2023
It’s important to understand today’s housing market, know your why.
November 16, 2023
Thinking of buying or selling a house and wondering what the new year holds.
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If you’re planning to sell your house, here’s what real estate experts saying you should keep in mind.
January 4, 2023
A great way to ease some of those emotions and ensure you’re feeling confident in your decision.
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From home sales to prices, the 2023 housing market will be defined by mortgage rates.
October 25, 2022
With all the headlines and talk in the media about the shift in the housing market.
Whether buying, selling, or relocating to the Triangle area, DuBois Property Group is dedicated to providing personalized real estate services for buyers and sellers.