Morning Minute: Homeowner equity on the rise in 2013

In his latest syndicated real estate column, “I am real estate, hear me roar,” Ken Harney points out a positive 2013 housing trend that you may not have heard about — homeowner equity rose substantially in 2013.

Comparing the third quarter of 2012 to 2013, U.S. homeowner net equity holdings rose $2.2 trillion according to Federal Reserve data, Harney reports. The improvement marks a “record rebound for a 12-month period,” leaving fewer owners underwater and giving consumers more spending power, he writes.

Read Harney’s column for more on the equity trend.

In other headlines:

Home sales pause, but prices climb – Chicago Tribune

Illinois Home Prices On The Rise – WICS

Sales down, but county home prices up – Northwest Herald

About 25,000 in Illinois to benefit from Ocwen mortgage settlement – Chicago Tribune

Fed may hedge its taper bet – HousingWire

This entry was posted in Consumer Information, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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