Homeowners Do You Know Your Homes Value

Dated: 09/06/2017

Views: 202

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.

Blog author image

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

Jan 19 2018 23245 1

6 Financial Steps to Living the Sweet Life If working a corporate job for the rest of your life sounds like your worst nightmare, you may want to consider arranging your finances in a way that

Read More

Virginia Is For Lovers

Virginia is For Lovers has a whole new meaning this time of year. If you are looking for ways to woo your significant other this year, look no farther than the Trump Winery located in

Read More

The Market Is Hot In Fredericksburg

  The market is heating up this winter for an AWESOME selling season in the Spring. Check out my listing at 11709 Legacy Woods. This home received an offer and RATIFIED 

Read More

Watch It Share It

Welcome to the first episode ofWatch It, Share It Here is a quick overview about HVAC System maintenance.  So go ahead, Watch It then Share It, to help people learn more

Read More