If you’ve been on the fence about selling your house, this spring might just be the sweet spot. There are more homes for sale right now than there were last year, which means you’ll have more options for your next home. At the same time, inventory is still really low, so you’ll face less competition from other sellers. Let’s chat and get the process started today
You could be sitting on more equity than you realize! Here’s a look at how quick equity builds up, when you consider your down payment, the principal you’ve paid over time, and how much your home has appreciated since purchased! If you’d like to see how much tappable equity you have in your home, I can run this same calculation for you - lets talk!
Americans are sitting on tremendous equity these days. Nearly two-thirds of homeowners have at least 50% equity – and that much equity can be a real game changer. If you sell your current house, you can use your equity towards your down payment. You may even have enough to buy your next home in cash. Curious about how much equity you have? Let’s chat.
17.8M Homes Are Now Considered ‘Equity-Rich’. What is equity rich? It means homeowners themselves have accumulated at least half of the equity in their homes. What is your Naples home worth? Let's connect - 239-370-0892.
America's equity-rich properties increase to record high
America's equity-rich properties increase to record high
In the fourth quarter of 2018, more than 14.5 million American properties were rich with equity, according to ATTOM Data Solutions’ Home Equity & Underwater Report.
ATTOM defines equity-rich properties as those with secured loans that are 50% or less of the property’s estimated market value.
According to ATTOM’s analysis, Q4’s total has risen by more than 834,000 year over year, marking the…
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Homeowners are sitting on record equity. By the end of Q3 of this year, borrowers had a record $9.4 trillion in home equity according to Black Knight.
About 24% of those with mortgages had an interest rate below 3%.
So if you are house rich and ready to cash in on this market, let's connect to discuss what your home is worth in today's market. Call or text 239-370-0892.
Naples Golf Guy | Matt Klinowski P.A. | Downing Frye Realty
Number of equity-rich properties soars to new high
Number of equity-rich properties soars to new high
The number of mortgaged properties in the U.S. that are equity-rich has soared to 14.5 million – a new high, according to the latest report from ATTOM Data Solutions.
The report shows that 25.7% of the 155 million mortgaged properties it analyzed are equity-rich. This means that these properties have a loan-to-value ratio of 50% or lower, leaving the homeowner with at least a 50% equity stake.
Understanding how rates impact your purchasing power is important when buying a home. Don't let changing mortgage rates catch you off guard – they can make a big difference in what you can afford and how much you’ll pay each month. To talk through how all of this affects your plans, DM me and reach out to a trusted lender.
Number of Americans With Equity-Rich Homes Rises, With San Jose, San Francisco and LA at Top The value of American homes compared to the mortgage on those homes continues to rise after the real estate collapse during the Great Recession.
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