Imagining the Unimaginable Rebound in Home Equity

themenardgroup Uncategorized, Morris county, North Jersey, Investment property, Mountain Lakes, Luxury, Luxury Homes, home improvement, Home Equity

We’ve all witnessed the remarkable rebound in real estate values—and last week, the scale of that recovery was the subject of a CNBC commentary. “A growing number of homeowners are in the money,” it found; then, “Homeowners are sitting on trillions in tappable home equity.” Trillions? That’s a number that sounds quite impressive—but also hard to grasp. To get a …