[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2delu2y1nru1":3,"$ffeh0925h8cuz":38,"$f2emv3tus0uf1":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},4304,"the-true-strength-of-homeowners-today","The True Strength of Homeowners Today","The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, \u003Cem>just how financially strong are homeowners throughout the country\u003C\u002Fem>? Mortgage debt grew beyond \u003Ca href=\"https:\u002F\u002Fwww.newyorkfed.org\u002Fnewsevents\u002Fnews\u002Fresearch\u002F2022\u002F20220802\">10 trillion dollars\u003C\u002Fa> over the past year, and many called that a troubling sign when it happened for the first time in history.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F22164529\u002F20220926-KCM-Share.jpg","The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, \u003Cem>just how financially strong are homeowners throughout the country\u003C\u002Fem>? Mortgage debt grew beyond \u003Ca href=\"https:\u002F\u002Fwww.newyorkfed.org\u002Fnewsevents\u002Fnews\u002Fresearch\u002F2022\u002F20220802\">10 trillion dollars\u003C\u002Fa> over the past year, and many called that a troubling sign when it happened for the first time in history.\u003C!--more-->\r\n\r\nRecently Odeta Kushi, Deputy Chief Economist at \u003Cem>First American\u003C\u002Fem>, answered that question when she \u003Ca href=\"https:\u002F\u002Ftwitter.com\u002Fodetakushi\u002Fstatus\u002F1569338892830265344\">said\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“U.S. households own $41 trillion in owner-occupied real estate, just over $12 trillion in debt, and the remaining ~$29 trillion in equity. The national \"LTV\" in Q2 2022 was 29.5%, the lowest since 1983.”\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fblockquote>\r\nShe continued on to \u003Ca href=\"https:\u002F\u002Ftwitter.com\u002Fodetakushi\u002Fstatus\u002F1569338906604359685\">say\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cstrong>\u003Cem>“Homeowners had an average of $320,000 in inflation-adjusted equity in their homes in Q2 2022, an all-time high.”\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>What Is LTV? \u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe term LTV refers to loan to value ratio. For more context, here’s how the \u003Cem>Mortgage Reports\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fthemortgagereports.com\u002F13598\u002Floan-to-value-for-mortgages-explained-in-plain-english\">defines\u003C\u002Fa> it:\r\n\u003Cblockquote>\u003Cem>“Your ‘loan to value ratio’ (LTV) compares the size of your mortgage loan to the value of the home. For example: If your home is worth $200,000, and you have a mortgage for $180,000, your LTV ratio is 90% — because the loan makes up 90% of the total price.\u003C\u002Fem>\r\n\r\n\u003Cem>You can also think about LTV in terms of your down payment. If you put 20% down, that means you’re borrowing 80% of the home’s value. So your LTV ratio is 80%.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>Why Is This Important?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThis is yet \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F14\u002Fis-the-real-estate-market-slowing-down-or-is-this-a-housing-bubble\u002F\">another reason\u003C\u002Fa> we won’t see the housing market crash. \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F20\u002Fwatching-the-stock-market-check-the-value-of-your-home-for-good-news\u002F\">Home equity\u003C\u002Fa> allows homeowners to be in control. For example, if someone did need to sell their home, they likely have the equity they need to be able to \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2022\u002F09\u002F08\u002Fshould-i-sell-my-house-this-year\u002F\">sell it\u003C\u002Fa> and still put money in their pocket. This was not the case back in 2008, when many owed more on their homes than they were worth.\r\n\u003Ch3>\u003Cstrong>Bottom Line \u003C\u002Fstrong>\u003C\u002Fh3>\r\nHomeowners today have more financial strength than they have had since 1983. This is a combination of how homeowners have handled equity since the crash and rising home prices of the last two years. And this is yet another reason homeownership in any market makes sense."," \r\nHomeowners today have more financial strength than they have had since 1983. This is a combination of how homeowners have handled equity since the crash and rising home prices of the last two years. And this is yet another reason homeownership in any market makes sense.",false,[16,20],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers","2022-09-26T10:00:08Z","2023-02-03T15:33:50Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},4296,"fall-home-selling-checklist-infographic","Fall Home Selling Checklist [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F20144848\u002F20220923-KCM-Share.png","2022-09-23T10:00:06Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},4305,"how-an-expert-can-help-you-understand-inflation-mortgage-rates","How an Expert Can Help You Understand Inflation & Mortgage Rates","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2022\u002F09\u002F26123142\u002F202209207-KCM-Share.jpg","2022-09-27T10:00:24Z",{"cover":39,"open":40,"shareSpread":41},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[47,51,52,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":98,"name":99,"slug":100},53,"Rent vs. Buy","rent-vs-buy",{"id":102,"name":103,"slug":104},80,"Time-sensitive","time-sensitive",{"id":106,"name":107,"slug":108},81,"Outdated","outdated",{"id":110,"name":111,"slug":112},147,"Internal","internal",{"id":114,"name":115,"slug":116},148,"Do Not Autopost","do-not-autopost",{"id":118,"name":119,"slug":120},320,"Inventory","inventory",{"id":122,"name":123,"slug":124},321,"Agent Value","agent-value",{"id":126,"name":127,"slug":128},322,"Affordability","affordability",{"id":130,"name":131,"slug":132},323,"Buying Tips","buying-tips",{"id":134,"name":135,"slug":136},324,"Downsize","downsize",{"id":138,"name":139,"slug":140},325,"Economy","economy",{"id":142,"name":143,"slug":144},326,"Equity","equity",{"id":146,"name":147,"slug":148},327,"Forecasts","forecasts",{"id":150,"name":151,"slug":152},328,"Selling Tips","selling-tips",{"id":154,"name":155,"slug":156},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":158,"name":159,"slug":160},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]