Oxford MI Home Values | How Much Has Your Home Increased In Value | Donald Horne Listing Agent
The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report.
Today, we would like to talk about, “How Much Has Your Home Increased in Value?”
Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:
“Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.”
Since 2011 home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. When surveyed, homeowners revealed the top four reasons why they felt their homes had increased in value.
- Desirable Location
- Improved National Economy
- Improved Local Economy
- Low Home Inventory in My Area
As we can see, not only does the data show that the homes have appreciated, but homeowners also believe they know why. Many have taken advantage of the opportunity to use their newly found equity to sell their current home and move up to their dream home!
2019 will be a good year for the homeowners that still want to take advantage of their home equity! CoreLogic forecasts that home prices will increase by 4.8% by the end of the year.
Bottom Line
If you are a Oxford homeowner who would like to find out your current home value, let’s get together to discuss the hidden opportunities in your home!
Source … KCM Donald Horne Blog
Things To Consider When Selling Your Home
If you have any questions about Oxford MI, the schools or the surrounding communities, please contact us direct by phone or text at 810-338-0628 or email us at teamsuccesslisting@gmail.com
Team Success Listing LLC
Donald Horne / Shirley Grindle / 810-338-0628
teamsuccesslisting@gmail.com