Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates.

How Equity Has Grown ...

Every time there’s a news segment about the housing market,
we hear about the affordability challenges buyers are facing today. Those
headlines are focused on how much mortgage rates have climbed this year. And
while it’s true rates have risen dramatically, it’s important to remember they
aren’t the only factor ...

Experts agree there’s no chance of a large-scale foreclosure
crisis like we saw back in 2008, and that’s good news for the housing market.
As Mark Fleming, Chief Economist at First American, says:

“. . . don’t expect a housing bust like the mid-2000s, as
lending standards in this housing cycle ...

As the housing market cools in response to the dramatic rise
in mortgage rates, home price appreciation is cooling as well. And if you’re
following along with headlines in the media, you’re probably seeing a wide range
of opinions calling for everything from falling home prices to ongoing
appreciation ...

Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and ...

If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.

Today, buyers are reacting ...

Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.

 Source: Real Estate with Keeping Current Matters

If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity.

Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55 ...

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 ...