If you own a home, your net worth likely just got a big boost thanks to rising home equity. Equity is the current value of your home minus what you owe on the loan. And today, based on recent home price appreciation, you’re building that equity far faster than you may expect – here’s how it works.
Because there’s an ongoing imbalance between the number of homes available for sale and the number of buyers looking to make a purchase, home prices are on the rise. That means your home is worth more in today’s market because it’s in high demand. As Patrick Dodd, President and CEO of CoreLogic, explains:
“Price...
Miami Heat heroes Dwyane Wade and Udonis Haslem couldn’t keep the sizzle going with their Aventura restaurant 800 Degrees Woodfired Kitchen. The full-service restaurant suddenly announced its closure on the official website and social media accounts.
The almighty Yelp algorithm has spoken – again – and 26 Broward and Palm Beach county restaurants are ranked within the site’s “Top 100 Places to Eat in Florida” list.
Cockroaches crawled inside the cracks of damaged kitchen walls, used the drive-through window and were discovered dead in a gambling machine room at a South Florida restaurant forced to close last week by state inspectors.
Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color.
The Gap in Homeownership Rate in America
It’s a more challenging journey to achieve homeownership for some buyers, as shown by the measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, Census data shows the lowest homeownership rate persists in the Black community (see graph below):
This...
The city of Boynton Beach, Florida, hosted its third annual Juneteenth event Sunday afternoon at Sara Sims Park, with an estimated 300 people in attendance. To organizers, it was a surprisingly large and encouraging turnout.