U.S. Homeowners Tap Equity for Renovations Amid 7% Mortgage Rates High Prices 60% of Millennials 56% of Gen Z Plan Projects
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最新报道：Homeowners are increasingly tapping into home equity for renovations as mortgage rates remain high, with 60% of millennials and 56% of Gen Xers planning projects. Despite elevated borrowing costs, many opt for home equity loans or lines of credit to fund upgrades, prioritizing long-term value over short-term financial strain. Renovation spending is expected to rise, with average project budgets around $25,000, as homeowners choose to improve rather than relocate in the current market.
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