Home values continue their climb, up 5.5% year over year. Black Knight reported the average homeowner has over $300k in equity. Most mortgage holders loan to value is under 46%.

The equity position of home owners is incredibly strong. Refinances, especially debt consolidation are on the rise. 1.7M people could benefit because they purchased it last fall at higher rates. When rates drop to 6% there will be over 3.8M who would benefit from refinancing.

The forecast for home appreciation is 2.8% per CoreLogic and Black Knight Appreciation Reports.

I have a YouTube Video explaining the Cost of Waiting to purchase a home. Enjoy and have a great rest of your week.