Friday, December 18, 2015

Home Equity Increasing as Home Prices Rise



Home Equity Increasing as Home Prices Rise 


 The Real Estate Market continues to be strong and we are continuing to see homes gain positive equity. Only 8.1% of homes are "upside down" which is a significant increase from recent years. Home prices are predicted to rise at least 5% over the next (on average nation wide). California home values are predicted to increase by about 11% in the coming year. while interest rates are only projected to rise about 1% over the same period. These factor paired together will continue to boost the California Housing Market. All in all it's a healthy outlook for for buyers and sellers. The American Dream is Alive and Well! whether you are a first time buyer or are looking to Sell your current home and find your next dream home, I'm here to help.
  • 91.9% of homes in the US have positive equity
  • 256,000 homes regained equity in the third quarter of 2015
  • 37.5 million homes have significant equity (defined as more than 20%)