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| More homeowners cashing in on their new housing wealth |
#realestate #cashbuyerslists #home #owner #cash #housing #wealth #piggy #bank #value #investment
Homeowners are opening their favorite piggy bank again — their homes. As home values rise faster than expected, that increased homeowner wealth suddenly seems more enticing. It's showing up in big remodeling growth and higher profits for retailers like Home Depot and Lowe's, but it also serves as a warning sign. Now, as millions of borrowers come up from underwater on their home loans and many more see their home values jump sizably on paper, borrowing more is back in favor.
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