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Why Today’s Mortgage Debt Numbers Don’t Tell the Full Story
You’ve probably seen the headlines: mortgage debt in the U.S. has hit a record high. And if that comes up at a family dinner, there’s usually at least one person ready to turn it into a “here we go again” housing market debate. The number itself is true. But it’s only part of the story. And the part that gets left out completely changes the picture. The reality is this: today’s homeowners are in a much stronger position than the headlines suggest, and the housing market has f
WWH
17 hours ago
Most Homeowners Are in a Strong Position
We’ve talked about national equity being high — but what does that actually look like for individual homeowners? The breakdown tells a much clearer story. Out of all owner-occupied homes in the U.S., about 33.3 million are owned outright with no mortgage at all. Another 22.3 million homeowners have more than 50% equity in their homes. Put together, that’s nearly two-thirds of homeowners who either fully own their home or have built up a significant ownership stake. That’s a v
WWH
6 days ago
The Price Cut Trap (And How To Avoid It)
When a home sits on the market without offers, many sellers eventually turn to a price reduction. According to Realtor.com, about 16.7% of sellers are making that adjustment today. But here’s the part most people don’t anticipate: a price cut doesn’t automatically solve the problem. In some cases, it can even create a new one. Buyers may start to wonder why the price dropped. And even if nothing is wrong with the home, that shift can introduce doubt and hesitation. Data from
WWH
7 days ago
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