Home equity hits record high, and here's how homeowners are spending it
Saturday Feb 17th, 2018
Share
Remodeling spending topped $152 billion in 2017, and is forecast to increase in 2018. Homeowners are using home equity cash to pay down other debt in order to lower monthly payments. But homeowners are increasingly taking the cash out to make more cash. Homeowners are racking up record amounts of home equity, thanks to fast-rising values in today's competitive housing market. No surprise, more people are now starting to tap that cash. What are... [read more]
