Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As wementionedbefore, 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’sUS 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 fromCoreLogicand shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).
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.
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!
Author:Bonnie Lelak 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...
Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program homes, investors who flip homes or buy rentals, commercial properties, land sales, lake front properties, and first time home buyers.
My commitment to buyers & sellers:
-Provide honest advice
-Detailed, organized & timely contract management
-Accessibility to top lenders & various vendors for your home
-Always accessible by phone & email
-Do what we say we''re going to do
-Provide highly skilled contract negotiation
-Market listings to the best of our ability, not just list it in the Multiple Listing Service
-Top Notch Double Sided Color Cardstock Flyers
- Virtual tours on YouTube to music
- Craigslist Listings
-Skilled and advanced internet marketing
- We won''t just "sell" you a home but find you a home that is a long term good decision.
- Education throughout the home buying process for first time home buyers and also investors As an agent I utilize a unique internet marketing program to offer my seller clients a competitive advantage. I maximizes internet exposure for your home through the use of aggressive marketing techniques, which enables me to sell homes fast and for top dollar.
Utilizing a unique internet marketing program to offer my seller clients a competitive advantage. I maximize internet exposure for your home through the use of aggressive marketing techniques, which enables me to sell homes fast and for top dollar.
Ultimately, trust, hard work and solid communication result in successful outcomes for both buyers and sellers. I appreciate the opportunity to be considered as your REALTOR® and will go above and beyond to ensure your real estate transaction is a positive and enjoyable experience.
Give me a call today for a friendly, no hassle consultation to discuss your Real Estate needs.
Some Highlights:Historically, the choice between renting or buying a h
"Bonnie Lelak was so professional, attentive, and very eager to help me find a home that was just perfect for my family. I recommend her to anyone looking for a home. She was very easy to contact, always got back to me immediately and really showed care and concern for my family."