According to CoreLogic, homeowners across the country are gaining significant equity. Over the past year, the average homeowner gained $9,800 in equity, growing their overall net worth.
If you’re ready to sell your house and begin looking for your dream home, let’s connect to plan how your equity can make that possible.
Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows.
Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.Continue Reading
We’re in a changing real estate market, and life, in general, is changing too — from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors.
Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.
We’re all being impacted in different ways by the effects of the coronavirus.Continue Reading
Owning a home has great financial benefits.
In a recent research paper titled “Homeownership and the American Dream,” Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:
“Homeownership appears to help borrowers accumulate housing and non-housing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’ savings with mortgage amortization and nominally fixed payments, and the potential to lower home maintenance costs through sweat equity.”
Let’s break down five major financial benefits of homeownership:Continue Reading
It’s safe to assume that pretty much everyone wants to build wealth — and continue to build wealth throughout their life. But how, exactly, do you do that? According to the data, you build wealth by buying real estate — and buying it early.
According to a report from the Urban Institute, homeowners who purchase property early build more wealth by their sixties than homeowners who wait until later in life to buy a home. The homeowners who get the most bang for their buck? Those who purchase their home between the ages of 25 and 34. Continue Reading
A home is an investment — and, like any investment, you want it to increase in value over time.
Well, in 2018 homeowners definitely got their wish.
According to the most recent Homeowner Equity Insights Report from CoreLogic, homeowners in the U.S. who currently hold a mortgage (which covers about 63 percent of all properties) saw an equity increase of a whopping $775.2 billion from Q3 2017 to Q4 2018 — an increase of 9.4 percent year over year. On average, homeowners gained an impressive $12,400 in equity in Q3.
Chances are, you have more equity in your home today than you did a year ago. But most experts predict appreciation to slow in 2019. So if you’ve been thinking about making a move, now is a great time to take advantage of your increased equity and sell your home.
Are you an empty nester? Do you want to retire where you are, or does an active adult community like Green Valley AZ sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance needs?
How can you line up your current needs with your goals and dreams for the future? The answer for many might be the equity you have in your house.
According to the latest Equity Report from CoreLogic, the average homeowner in the United States gained $14,000 in equity over the course of the last year. On the West Coast, homeowners gained twice that amount, with homeowners in Washington gaining an average of $38,000!Continue Reading
