{"id":1135,"date":"2020-09-24T13:41:40","date_gmt":"2020-09-24T13:41:40","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=1135"},"modified":"2021-12-20T16:48:00","modified_gmt":"2021-12-20T16:48:00","slug":"home-equity-give-sellers-options-todays-market","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/home-equity-give-sellers-options-todays-market\/","title":{"rendered":"Home Equity Give Sellers Options in Today\u2019s Market"},"content":{"rendered":"
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Home Equity Give Sellers Options in Today\u2019s Market<\/p><\/div>\n

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year, giving sellers powerful options in this market.<\/p>\n

According to the just-released Q2\u00a0Homeowner Equity Insights Report<\/a>\u00a0by\u00a0CoreLogic<\/em>:<\/p>\n

\u201cU.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $620 billion since the second quarter of 2019,\u00a0an increase of 6.6%, year over year<\/strong>.\u201d<\/em>\u00a0<\/em><\/p><\/blockquote>\n

Dr. Frank Nothaft,\u00a0Chief Economist<\/em>\u00a0for\u00a0CoreLogic,<\/em>\u00a0attributes much of the equity growth to rising home prices:<\/p>\n

\u201cThe CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which\u00a0supported an increase in home equity<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

As the map below shows,\u00a0CoreLogic<\/em>\u00a0also indicates that home equity is increasing in every state:<\/p>\n

\u201cIn the second quarter of 2020, the average homeowner\u00a0gained approximately $9,800 in equity<\/strong>\u00a0during the past year.\u201d<\/em><\/p><\/blockquote>\n

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Year over Year Home Equity Gain<\/p><\/div>\n

What Does This Mean for Sellers?<\/strong>\u00a0<\/strong><\/h4>\n

When equity is rising, as it is today, you may have more invested in your home than you realize. Mark Fleming,\u00a0Chief Economist<\/em>\u00a0at\u00a0First American,<\/em>\u00a0notes<\/a>:<\/p>\n

\u201cAs homeowners gain equity in their homes, they are more likely to consider using that\u00a0equity to purchase a larger or more attractive home<\/strong>\u00a0\u2013 the wealth effect of rising equity. In today\u2019s housing market, fast rising demand against the limited supply of homes for sale has resulted in continued house price appreciation.\u201d<\/em><\/p><\/blockquote>\n

If you\u2019ve been considering making a move \u2013 whether that\u2019s to get into a bigger home or to downsize to a smaller one \u2013 it\u2019s a great time to reach out to a real estate professional to learn how to put your equity to work for you. You may be in a position to pay that equity forward toward your next home purchase and afford it sooner rather than later.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re thinking of selling, let\u2019s connect so you can take advantage of what the current market has to offer today.<\/p>\n

 <\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Across the country, home equity was increasing before the health crisis swept our nation, and it continues to grow throughout the year. Finish Reading Home Equity Give Sellers Options in Today\u2019s Market<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[38,15,10,18,16,27,91,128,52,9,49,42,20,24,48,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1135"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1135"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1135\/revisions"}],"predecessor-version":[{"id":1138,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1135\/revisions\/1138"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}