$1.5 Trillion of equity lost in homes the last 5 months.
We are back with a new video, $1.5 Trillion of equity lost in homes the last 5 months.
$1.5 trillion of equity lost in homes the last five months. Since May 2022, home equity began to rapidly decline. And in the span of six months, approximately one$5 trillion dollars of equity has is vanished. The average homeowner has lost $30,000 or more in equity during this time. As mortgage rates began to go up this year to slow down inflation, it became less affordable for many people to buy their dream home.
The average monthly payment on a home increased by $600 dollars or more. While incomes did not increase. This made homes unaffordable for many Americans, as they could not keep up with the increasing interest rates. Here's what Ben Brabosk, the president of data and analytics at Black Knight, told CNBC this is obviously a situation that demands careful, ongoing monitoring. But to put that into context, just three 6% of nearly 53 million US. Mortgage holders are either underwater or have less than 10% equity in their homes, roughly half the share coming into the pandemic.
If you are behind on your mortgage payments, credit card payments or auto loans, the law offices of Omar Zambrano can help you today. We offer a free consultation to discuss your legal options and advise you on the best course of action. Call us today at 626-338-5505 to learn more about how we can help you get back on track.
Welcome to the Law Offices of Omar Zambrano channel.
In this video, we will talk about $1.5 Trillion of equity lost in homes the last 5 months. Enjoy the video and don't forget to like, comment, and subscribe!
👉🏼 Subscribe to my channel.
🔄 Subscription Link: https://www.youtube.com/channel/UCnF1...
☛ Your Like, Comments, and Subscribe, Inspire me!!!
=============================================
🎬 CHECK OUT MY OTHER VIDEOS: 👇
1. Technology Addiction Could Be Changing Our Bodies
➥ https://youtu.be/6CIF8A61zkA
2. How Much Screen Time is Too Much for Kids?
➥ https://youtu.be/Ww0JM7-Ac3I
3. It's Not What You Say, It's How You Say It
➥ https://youtu.be/MKdaYdiKmpo
=============================================
✔️ Thank you very much for listening and for leaving feedback. we would be pleased if you decided to subscribe and join our community. Have a wonderful day!
🔎 RELEVANT HASHTAGS:
#buynow #paylater #horizontal #buynowpaylater #lawyer #lawofficer #OmarZambrano #losangeles #losangelesrealestate #bankruptcyattorney #bankruptcylawyer #bankruptcy #chapter7 #chapter13 #baldwinpark #covina #elmonte #losangelescounty #riversidecounty #sanbernardinocounty