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Articles Tagged: Home Equity

4 ways homeowners can use their equity

November 22, 2021

4 Ways Homeowners Can Use Their Equity

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year.

If you’re looking for the best ways to use your growing equity, here are four options:Continue Reading

Filed Under: Home Ownership Tagged With: Home Equity

3 charts that show this isn’t a housing bubble

July 24, 2021

3 Charts That Show This Isn’t a Housing Bubble

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.Continue Reading

Filed Under: Market Trends Tagged With: Home Equity, Supply & Demand

Infographic:
Key terms in today’s housing market

July 23, 2021

The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity, which sellers can use to fuel a move up.

Terms like appraisal (what lenders rely on to validate a home’s value) and contingencies (which buyers can minimize to make their offer stand out) directly impact the transaction.

INFOGRAPHIC: Key terms in today’s housing market

You don’t need to be fluent in the language of the market to buy or sell. Instead, let’s connect today so that we can translate the process together.

Filed Under: Tips for Home Buyers, Tips for Home Sellers Tagged With: Appraisal, Appreciation, Contingencies, Home Equity, Infographics

4 key trends that define today’s real estate market

July 22, 2021

Today’s real estate market explained through 4 key trends

As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market.Continue Reading

Filed Under: Market Trends Tagged With: Appreciation, Home Equity, Supply & Demand

Infographic:
Your home equity can take you places

July 9, 2021

The amount of wealth Americans have stored in their homes has increased astronomically. On average, homeowners gained $33,400 in equity over the last 12 months, and the average equity on mortgaged homes is now $216,000. When it’s time to sell, your home equity can help accomplish your goals.

INFOGRAPHIC: Your home equity can take you places

Let’s connect to discuss how you can take advantage of today’s sellers’ market to get the most out of your home sale.

Filed Under: Home Ownership, Market Trends Tagged With: Appreciation, Home Equity, Infographics

A look at home price appreciation through 2025

July 6, 2021

A look at home price appreciation through 2025

Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels.

In more good news for homeowners, the most recent Home Price Expectations Survey – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists – forecasts home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year. Continue Reading

Filed Under: Home Ownership, Market Trends Tagged With: Appreciation, Home Equity, Home Prices

82 percent of homes selling at or above asking price

June 21, 2021

82 percent of homes Selling at or Above Asking Price

When you sell your home, you want it to sell for at least what you’re asking — preferably more. And if that’s the goal, now is a great time to sell.

A recent survey from Homes.com found that a whopping 82 percent of homes sold over the past six months accepted offers either at or above asking price — with 33 percent selling at the original asking price and an impressive 49 percent selling for more than what the seller’s asked for. Homes are also selling quickly. According to the survey, almost half of homes sold in less than a month, with two-thirds of all sellers accepting an offer after 10 or fewer showings.

So, what does this mean for you? In today’s market, the majority of homes are selling for a profit — and they’re selling fast. So, if you’ve been thinking about selling your home, now is a great time to make a move.

Filed Under: Market Trends Tagged With: Home Equity, Home Prices

3 Reasons We’re Definitely Not in a Housing Bubble

February 15, 2021

3 Reasons We’re Definitely Not in a Housing Bubble

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.

1. This time, housing supply is extremely limited

The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and demand is high, prices naturally increase.

In real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market.Continue Reading

Filed Under: Market Trends Tagged With: Home Equity

Home Prices Up Nearly 10 Percent over LY in December

February 9, 2021

Home Prices Up Nearly 10 Percent over LY in December

There’s no denying that 2020 was an extremely challenging year. But one area that flourished in 2020 was the real estate market — and more specifically, the market was great for sellers. Low inventory and high buyer demand drove up home prices around the country.

But just what kind of home value increases did homeowners see in 2020?

According to CoreLogic’s most recent Home Price Insights report, home prices increased 9.2 percent from December 2019 to December 2020 — the largest annual home price gain since early 2014. That means if your home was valued at $325,000 in December 2019, by December 2020, that same home was worth $354,900 — an increase of $29,900.

So, what does that mean for you? If you’re a homeowner, chances are, your home is worth a lot more today than it was just a year ago. So if you’ve been thinking of selling, now is a great time to make a move and sell your home for a healthy profit.

Filed Under: Market Trends Tagged With: Home Equity, Home Prices

Is now a good time to refinance my home?

December 1, 2020

Is Now a Good Time to Refinance My Home?

With interest rates hitting all-time lows over the past few months, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you, start by asking yourself these questions:

Why do you want to refinance?

There are many reasons to refinance, but here are three of the most common ones:Continue Reading

Filed Under: Market Trends Tagged With: Home Equity, Interest Rates, Refinance

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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
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