Homeowners Do You Know Your Homes Value

Dated: 09/06/2017

Views: 116

Homeowners: Do You Know Your Home’s Value?

Homeowners: Do You Know Your Home’s Value? | MyKCM

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,

“National Home Prices Now 50% Above March 2011 Bottom”

The real estate market has come a long way since 2011, which is great news for homeowners!

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while owners in Washington and Utah have experienced a 3% increase in values since the start of this year!

Nationally, CoreLogic forecasts that home values will increase another 5.0% by this time next year.

Bill Banfield, VP of Capital Markets at Quicken Loans, recently explained the importance of knowing the conditions in your area,

“With home values constantly changing, and the rates of change varying across the country, this is one more way to show how important it is for homeowners to stay aware of their local housing market.”

Bottom Line

Do you know what your house is worth? Have you stayed put because you are nervous you won’t have enough equity to buy your dream home? Let’s get together to perform an equity analysis and give you the freedom to achieve your dreams.

Arthur Stewart

I’m sure we all agree that this market has had its share of ups and downs. You need a realtor who is creative and aggressive to guide you through the market. Getting the right information makes all ....

Latest Blog Posts

An Easy Way To Get Top Dollar For Your Home

If I told you that there was something you could do to help sell your home faster and it would only take a weekend, would you believe me?  What if I also told you that all you would need to do

Read More

What Kind Of Insurance Do You Need As A Real Estate Investor

What Kind of Insurance Do You Need as a Real Estate Investor?by Brandon Turner | BiggerPockets.comInsuring an investment property is something every investor will want to do.In truth,

Read More

Top 5 Reasons Why Millennials Choose To Buy

Top 5 Reasons Why Millennials Choose to Buy [INFOGRAPHIC]Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and

Read More

Report Homeownership Is A Precondition Of The American Dream

Report: Homeownership Is a Precondition of the American DreamHearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as

Read More