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- 2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake.
However, a closer look at the numbers shows that homeowners are being much more responsible with their home equity this time around.
Written by Keeley Ryan on . Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers
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