Does More Home Equity Equal More Remodeling?

According to Black Knight Financial Services, there has been an astounding $260 billion increase in home equity during the first quarter of 2016. It states that with this increase, 38 million borrowers now have at least 20 percent equity in their homes, which averages $116,000 per borrower. CNBC reports that even though homeowners have taken out $20 billion in the first quarter alone, that is still only half of one percent of the total amount available.

To learn more about the equity increase and why now might be the best time to remodel, read CNBC’s full article.