The Great News About Rising Prices For Homeowners

The Great News About Rising Prices For Homeowners

The Great News About Rising Prices for Homeowners | MyKCM

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).

The Great News About Rising Prices for Homeowners | MyKCM

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.

The added equity is helping families put their children through college, invest in starting small businesses, allowing them to pay off their mortgage sooner or move up to the home that will better suit their needs now.

Bottom Line

CoreLogic predicts that home prices will appreciate by another 5% by this time next year. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let's get together to discuss your options!


Bonnie Lelak Headshot
Author:
Phone: 404-788-2580
Dated: February 17th 2017
Views: 44
About Bonnie: Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program ho...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

US Housing Market Is Moving Into Buy Territory - According to the Beracha, Hardi
THE POWER OF TRUE A PREAPPROVAL - THE POWER OF TRUE A PRE-APPROVALWe j
The Impact Of Homeownership On Civic Involvement - The National Association of Rea
Do You Know The Real Cost Of Renting Vs Buying - Some Highlights:Historically, the ch

Our Bloggers

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Bonnie Lelak
250 Heritage Walk
Woodstock, GA
404-788-2580
404-591-8681