CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. The
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year. The CoreLogic report
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. The great news
So you've been a homeowner for some time. You've been faithfully paying off your mortgage for years, and you have a fair bit of equity built up in your home - and that makes you proud. But now, you're wondering what good equity is if you're not using it. How do you actually use home equity? And how do you leverage it to get a high return for low risk? Here are just a few options you may want to consider if you're looking for something to do with your equity.
While there may be instances when a homeowner must sell a property and move regardless of market conditions, there are other times when the value of the property will be a deciding factor in whether a homeowner moves or remains in the home for a longer period of time.
With many types of home improvements, at least a portion of the cost that you put into the improvement can be recouped from additional value when you sell the home. Adding a beautiful wooden fence to your yard is a great way to boost resale value, and with a closer review, you may determine that you want to install a new privacy fence to your property soon.
If you have children, no home is complete without a treehouse. Besides the fact that treehouses provide kids with hours of entertainment, they can also confer ancillary benefits that are hard to quantify. When building any type of treehouse, keep the following tips in mind.
Are you feeling the "renovation itch" or perhaps looking for a fun project that you can take on which will provide you with a return on your investment? Let's take a look at three popular home renovations that can increase your home equity without draining your bank account.
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build.