I browsed the latest real estate news the other day and came across something that might interest you.
According to CoreLogic’s Equity Report, 256,000 properties regained equity in the third quarter of 2015. Anand Nallathambi, the President and CEO, expects home values to continue appreciating in 2016.
In fact, he predicts a 5% rise in home prices this year. In addition, interest rates are still at record lows, making affordability for you and your buyer a factor in purchasing power.
Obviously, this is fantastic news for homeowners. However, the problem is many people are unaware their equity has increased. A study conducted by Fannie Mae explains only 37% of Americans believe they have “significant equity.” In reality, 74% of homeowners have a great deal of value in their properties.
Essentially, 37% of homeowners have no idea how much their home is actually worth. Not only that: they are completely unaware that their home is worth more than they think.
I thought I’d share this information with you today because you could be one of those people. If you’ve been on the fence about making your move, it’s time to reevaluate your situation and take advantage of your equity before market conditions change.
You can take a look to see if your home is worth more than you thought by following the link:
This is a free, no-obligation tool that will give you an idea of how much your home is worth. You may be shocked by how much value your home has accrued!
If you think now is the time to make that move, you can browse all the homes in Los Angeles for free here:
If you have any questions about how you can cash in on your increased equity, or if you need real estate assistance of any kind, I’m always here to help.