Thursday, December 1, 2022 | The Latest Buzz for the Appraisal Industry

Citizens Survey Finds Young Homeowners Most Likely to Apply for HELOCs 

Roughly 77% of millennials are likely to apply for a HELOC within next three years, according to a survey recently conducted by Citizens Bank.

As interest rates continue upward, home equity lines of credit (HELOCs) remain a popular tool for U.S. homeowners looking to access a flexible borrowing option. The new study, which measures homeowner sentiment around HELOCs, cash-out refinances and other issues impacting homeowners, shows that 84% of homeowners have some level of