boston real estate blog   
Sponsored by Ford Realty Inc.
137 Charles Street, Boston
realtyford@yahoo.com
617-595-3712
617-720-5454
151 Tremont Street
617-482-0010
boston real estate blog
| Home | Search Boston Condos | Search Boston Rentals | Buying
Real Estate
| Selling
Real Estate
| About Us | Contact Us



Home equity is back

As home-sale prices rise, so does the net equity holdings of homeowners — and, boy, has it grown in recent months.

Since 2011, the net home equity holdings of Americans rose by $1.7 trillion. But $500 billion of that growth occurred in just the past three months alone.

To give you an idea how important that is to the economy, let’s say that various homeowners borrow 10 percent against that last $500 billion over the course of the next year. That’s $50 billion pumping through the economy — and much of it through the home-remodeling industry in particular — that wasn’t there before. In turn, that means more architects, designers, contractors, carpenters, electricians etc. working.

The Globe recently did a big story on how the remodeling industry is recovering fast in Greater Boston. Not all of it is driven by borrowing. Still, a healthy housing market, not surprisingly, leads to more confident homeowners willing to re-invest in homes.

Read other posts about: us and world economy

One Response to “Home equity is back” »»

  1. Comment by confused | 03/20/13 at 6:21 am

    Wow, didn’t we learn?

Leave a Reply »»

Comments may be moderated, edited or deleted; by leaving a comment, you are agreeing to the Terms of Service of this website.

Let's talk Boston real estate. The most recent real estate comments

  • Tyler Mills, Lenders go into overdrive to clear out backlog of delinquent mortgages: Instead of forcing out the...
  • warren currier, ‘Boston’s faux housing boom’: Scott, Do you own any units in Boston? Supply /...
  • Nishant, Major Developers: Affordable homes can only be built outside downtown Boston: Yes, this is correct that...
  • warren currier, Done deal: Dr. Dre buys Tom and Gisele’s mansion for $40M: The property is located in LosAngeles,...
  • JS, Despite predictions, inventory of homes for sale continues to fall in Mass.: One thing that could be holding...
  • dcmhomebuyers, For 74 Beacon Street, it was the kitchen, stupid: Nice house. I think front section to location of...
  • Johnd478, Five signs you’re a ‘renter for life’: I just couldnt depart your site prior to...
  • Dionis Padron, Downtown condo prices now averaging near $1 million each: great article but prices for standalone...
  • John Ford, Charles Ponzi’s old Lexington home for sale at $3.3M: That’s a great idea. Anyone have an idea how...
  • Rich, Charles Ponzi’s old Lexington home for sale at $3.3M: Speaking of Mr. Ponzi, he ran his Ponzi scheme out of an...
  • amparo bracero, Big changes in store for Tremont Street?: I will love to comunicated my self with aida I was one of...
  • warren currier, Low mortgage rates may partly explain low inventory: The banks are making it very hard to get a loan....
  • Kiki, ‘Our biggest impediment’: Inventory: A quick maybe unrelated question. What’s a typical or...
  • JS, Hey, let’s tear down most of downtown Boston for the Olympics: I agree, and I resent the commission describing us...
  • PROPERTY MANAGEMENT COMPANIES in Carlsbad CA, ‘Our biggest impediment’: Inventory: good blog
  • Phoenix property management, Blog: As you may have noticed I am having problems with the comment section of the blog....
  • Phoenix property management, Get your very own ‘mushroom house’: Good post. i like it so much.
  • Phoenix property management, Get your very own ‘mushroom house’: Good post. I like it
  • PROPERTY MANAGEMENT COMPANIES in Carlsbad CA, California dreamin’ on such a winter’s day …: Good post...
  • Borris C., ‘Friendly competition’ keeps Seaport rents as high as possible: Sounds like good old-fashioned collusion...

  • Join us on Facebook Subscribe To FeedBurner Follow us on twitter Newsletter sign-up

    Welcome

    Are you considering the purchase or sale of a home in Boston?

    Contact us today to discuss ways we can help make the experience easy and stress-free.



    Search past blog entries





    Site tools


    Add To Google      Subscribe To FeedBurner

    Add To My Yahoo!

    | | | |





    Boston Real Estate/Boston Condos for Sale -
    Search MLS

    Select property type:
    Select area:
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
    Select property size:
    Price from:
    Price to:
    MLS #



    Boston Real Estate and Boston Condos

    Click on the links below for Boston condo neighborhood sales listings

    Boston Back Bay Condos

    Beacon Hill Condos

    Boston Charlestown Condos

    Fenway Boston Condos

    Boston South End Condos

    ----------