The latest edition ofCoreLogic’sHome Price Indexshows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,
“National Home Prices Now 50% Above March 2011 Bottom”
The real estate market has come a long way since 2011, which is great news for homeowners!
Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes(defined as over 20%), according to the latestEquity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.
Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while owners in Washington and Utah have experienced a 3% increase in values since the start of this year!
Nationally,CoreLogicforecasts that home values will increase another 5.0% by this time next year.
Bill Banfield,VP of Capital MarketsatQuicken Loans,recentlyexplainedthe importance of knowing the conditions in your area,
“With home values constantly changing, and the rates of change varying across the country, this is one more way to show how important it is for homeowners to stay aware of their local housing market.”
Do you know what your house is worth? Have you stayed put because you are nervous you won’t have enough equity to buy your dream home? Let’s get together to perform an equity analysis and give you the freedom to achieve your dreams.
Author:Gillian Cunningham Phone: 469-844-4488 Dated: September 8th 2017 Views: 267 About Gillian: Gillian Cunningham’s name is synonymous with true professionalism, extraordinary knowledge, except...
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
There are mountains of resources available that give you a million dif
"Tom helped us sell our home and buy a new one. We sold our home the first day it listed, we were very pleased with him and his team. We took our time to list and it was worth the fix ups we did. Were going to build a house and he helped us with that contract then we decided to go another route and he helped us navigate through that."