Good News For Homeowners

Dated: 05/23/2016

Views: 218

SPRING SHOWERS BRING… HIGHER HOME PRICES, GROWING EQUITY, AND GOOD NEWS FOR HOMEOWNERS!

Posted on  by shanetorres

CDPEAdv_Apr_Postcard_1up_front Apr 2016

March marks the start of daylight savings time. But this year, homeowners have a whole lot more to look forward to than some extra sunlight! Home prices have increased steadily for the past three and a half years, which means more equity for homeowners.

For some homeowners, that news may come as a surprise—and it’s no wonder why. In general, homeowners have had little to cheer about during the rollercoaster of the last eight years.

When the housing market crashed, homeowners nationwide saw the value of their homes plummet overnight. Across the country, millions found themselves underwater on their mortgages and under the threat of foreclosure. Others who planned to sell their homes were left with few options, forced to wait until the market recovered and their homes regained value.

However, from late 2011 to today, the housing market made an astounding recovery. Home prices increased month after month for more than three years, bringing home prices in many markets close to their peak levels. And that means today, most homeowners are in a significantly better position.

For the last few years, home prices have continued to increase, though more slowly. The various home price trackers note increases between 5 and 7 percent, and this year home prices are expected to rise at a similar rate.

For homeowners, rising home prices are helping restore much of the equity they lost, which is opening the door for many homeowners to finally consider selling their homes.

If you find yourself wondering whether or not to sell, now is a great time. In addition to higher home prices, we’re in a strong seller’s market, with demand outpacing supply. Mortgage rates also remain low (but are steadily increasing) so you will be able to afford more home now than later in the year.

For more information on today’s housing market and increasing home prices, read my report entitled “Spring Showers Bring… Higher Home Prices, Growing Equity, and Good News for Homeowners!”. You can download the report from my websitehttp://hosted.cdpe.com/103530.

Want to Advertise on this Site?

Latest Blog Posts

Open House This Sunday

Make sure you stop through this open house Sunday 10/22 and come see me 1-3!  You will love the newness of this home with all the builder touch ups just being completed! Upstairs you will

Read More

Oct 18 2017 11251 2

Buying Remains Cheaper Than Renting in 39 States!In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional

Read More

Oct 18 2017 11251 1

No… You Do Not Need 20% Down to Buy NOW!The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat

Read More

Places To Go Cities To Research

"How are the schools?""What's the crime rate?""Is it a good neighborhood?""Will my kids be safe here?"As a licensed Realtor in the state of Iowa, I get asked these types of questions a lot.  It

Read More