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Real Estate What Is Home Equity? Home equity…Everybody wants it, but what exactly is home equity and how do you get it? Equity represents the degree of ownership an individual or entity has in an asset after subtracting any debts against the asset. To say someone shares equity in a company means they would share in any assets remaining after all […]
Real Estate Existing Home Sales Rise in February, But Inventory Remains Low The National Association of Realtors (NAR) recently released its report on existing home sales in February 2023, showing an increase in sales for the first time in a year. The seasonally adjusted annual rate of sales rose by 14.5% to 4.58 million. This was the largest monthly percentage increase since July 2020. However, year-over-year sales fell […]
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