Home equity hits all time high, but Americans aren’t tapping it

American homeowners have a record amount of wealth in their homes they can tap, but few of them are. 

Total home equity in the U.S. rose to its highest level ever at $6.5 trillion in the first quarter before the coronavirus pandemic took hold, according to Black Knight, a loan research and analytics firm, up from $6.2 trillion at the end of 2019.

Read more: Coronavirus: What if you can’t pay your mortgage?

But the share of cash-out refinances, which unlock that wealth, fell to a four-year low. As of June, there were no indications that cash-out refinances were on the rise, Black Knight found, even as the pandemic continues to financially strain many U.S. households.

Why homeowners aren’t tapping their equity is twofold, experts said. Homeowners are reluctant to drain that wealth, while banks are reticent to lend to riskier borrowers in such uncertain economic times.

It’s

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Exclusive Tour of MAD Architects’ Stunning New Residential Design

In the world of architecture, like with writers and artists, there’s a proverbial baton that’s passed from one generation of virtuosos to the next. Examples abound: Toni Morrison and Ta-Nehisi Coates, Andy Warhol and Jean-Michel Basquiat, Zaha Hadid and Ma Yansong. Indeed, it’s with Yansong’s latest project—the verdant Gardenhouse, a residential design in the heart of Los Angeles—that the young Chinese architect has secured his status of progressing the practice of architecture from one era into the next.

Ma Yansong, 45 and founder of MAD architects, has become China’s most exciting young architect. For years he’s been compared to his mentor, the late Zaha Hadid. And for good reason. His bold, free-formed, futuristic designs stand out—as if a spaceship parked in a suburban neighborhood. In many ways Yansong, like Hadid before him, is showing us the future of design. “My goal with Gardenhouse is to introduce a new and

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Will the remote work craze sparked by COVID-10 sound a death knell for office buildings?

Elliott Holt was always firmly opposed to letting employees work from home.

“There’s no control over it,” says the CEO of a Nashville-based medical records company. “We like to be in control.”

With MediCopy growing at breakneck speed, its work-in-the office ethos spelled a feverish expansion of its physical presence in Nashville. After adding a second office two years ago, the firm was poised to lease a third last month.

But since the coronavirus pandemic has forced nearly all of MediCopy’s 200 employees to work from home, Holt has had an abrupt change of heart. He says he’ll let staffers continue to telecommute for the long term, prompting him to relinquish both of the additional offices, convert his headquarters into a training center, and save $350,000 a year in leasing costs.

“Things are working the way they are,” he says.

Elliott Holt, CEO of MediCopy

As states lift stay-at-home

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The 7 Best All-In-One Printers for Home Offices

Photo credit: Staff
Photo credit: Staff

From Popular Mechanics

Everybody who’s ever owned a printer has likely experienced a time when it jams, runs out of ink, or completely fails to turn on just when it’s needed most. Especially when many are still working from home during the COVID-19 pandemic, reliability from your home printer is a must. We found the most reliable and versatile printers for your home office so you can print, scan, and copy pages without feeling the urge to throw the machine out the window.

Check out the quick reviews below of our top five printers, or scroll deeper for more helpful buying info and full reviews of those models.

Why Ink Runs Out So Fast & How to Preserve It

If you’ve owned a printer, or several, in your life, you may have wondered with frustration why some seem to guzzle ink more when not used frequently. It’s

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