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home equity: When Will Home Prices Return to Pre-recession Levels? - 01/14/12 03:25 PM
 
With millions of homeowners having lost much of their net worth as a result of the housing crash, many have asked, When will home prices return to pre-recession levels? And the answer is neither simple nor encouraging.
 
What homeowners really want to know is when their lost equity will return, when they’ll be able to sell and walk away with cash for a down payment, or when they can get a home equity loan to supplement a college fund. Sadly, for many the answer is not soon enough, and for some, never.
 
Much of the equity … (38 comments)

home equity: How Declining Home Prices Impact All Of Us - 02/10/10 04:49 PM
As Treasury copes with mounting foreclosures and the ineffectiveness of its modifications programs, many attempt to ignore how declining home prices impact all of us. Some assume or hope the problem will “self cure” over time. It won’t.
 
The current foreclosure crisis demands our attention; to ignore it is to deny the potential impact that millions of foreclosures would have upon both the housing market and the overall economy. While it’s impossible to know the precise number, some experts have predicted that we’ll suffer more than 15 million foreclosures over the next five years; and only half that number would … (47 comments)

home equity: This ATM is out of Service - 06/11/09 04:45 PM
In an article today in MarketWatch, it was reported that the net worth of U.S. households has fallen by almost $14 trillion since the beginning of this recession, with the average household experiencing a drop to 4.67 times their disposable income, the lowest level in almost 20 years. In numbers provided by the Federal Reserve, families have seen a loss of almost one quarter of their wealth since its peak 2 years ago.
 
With equities in their residence providing one third of their wealth, many homeowners are feeling the pinch, as a major source of cash has been removed or … (6 comments)

 

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