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My Los Angeles County Real Estate BLOG My Ventura County Real Estate BLOG BuyersWalkThrough
#363BentTwig Investor Fix & Flip-Bidding Ends SOON! #ChrisBJohnsonRealtor #AJIBoom #363BentTwig
#1251SweetbriarDrive #16930EncinoHillsDrive #3676_5thAve #14242ValleyVista #No_iBuyers
Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value.
CoreLogic just released their 2019 3rd Quarter Homeowner Equity Insights Report. The report revealed that:
“U.S. homeowners with mortgages (roughly 64% of all properties) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.”
The equity in a property is determined by comparing the current value of the property against the outstanding mortgage debt. As prices rise, the equity in a home increases.
The report went on to explain that the average homeowner gain in equity over the last twelve months was $5,300.
Here’s a map showing the average equity gain by state:
Since the housing crash in 2008, many homeowners have felt trapped in their current houses, as they didn’t have enough equity to sell. The gains in equity over the past few years may have freed some homeowners who have a desire to move.
Since the housing crash in 2008, many homeowners have felt trapped in their current houses, as they didn’t have enough equity to sell. The gains in equity over the past few years may have freed some homeowners who have a desire to move.Bottom Line
If you’re curious about your home’s equity, let’s get together to do a market analysis on the current value of your house. You may be pleasantly surprised.
What is My Home Worth?
About Me
- Chris B Johnson REALTOR®
- Chris B. Johnson REALTOR® Specializes in Luxury Estates and Home Auctions. Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve. I believe in Quality, NOT Quantity.
Verified Reviews
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
#SellYourHomeForMoreandPayLess, #TimeToSell #ChrisBJohnsonRealtor, #SellersPayZEROCommission,
#ListYourHomeAndPayNoCommission, #BetterThanFSBO, #5StarREALTOR®, #FixandFlip,
#RealEstateInvestor, #TopProducer, #AJIBoom, #363BentTwig #1251SweetbriarDrive
#16930EncinoHillsDrive #3676_5thAve #14242ValleyVista #No_iBuyers
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