{"id":875,"date":"2020-06-18T14:29:29","date_gmt":"2020-06-18T14:29:29","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=875"},"modified":"2020-06-18T14:29:29","modified_gmt":"2020-06-18T14:29:29","slug":"want-make-move-homeowner-equity-growing-year-year","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/want-make-move-homeowner-equity-growing-year-year\/","title":{"rendered":"Want to Make a Move? Homeowner Equity is Growing Year-Over-Year"},"content":{"rendered":"
\"\"

Want to Make a Move? Homeowner Equity is Growing Year-Over-Year<\/p><\/div>\n

One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released\u00a0Homeowner Equity Insights Report<\/em><\/a>\u00a0from\u00a0CoreLogic<\/em>, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain.<\/p>\n

The report notes:<\/p>\n

\u201cCoreLogic analysis shows U.S. homeowners with mortgages (roughly 63% of all properties) have seen their equity increase by a total of nearly $590 billion since the first quarter of 2019, an increase of 6.5%, year over year.\u201d (See map below):<\/em><\/p><\/blockquote>\n

\"\"

National Homeowner Equity<\/p><\/div>\n

This means that\u00a0\u201cIn the first quarter of 2020, the average homeowner gained approximately $9,600 in equity during the past year.\u201d<\/strong><\/em><\/p>\n

That\u2019s a huge win for homeowners, especially for those looking to sell their houses and make a move this\u00a0summer<\/a>. Having equity to re-invest in your next home is a major force that can make moving a reality, especially while buyers are expressing such a\u00a0high demand<\/a>\u00a0for homes to purchase.<\/p>\n

Frank Martell,\u00a0President and CEO<\/em>\u00a0of\u00a0CoreLogic<\/em>\u00a0addresses the potential long-term outlook and how homeowners will likely fare much more positively through the current\u00a0recession<\/a>\u00a0than many did during the last one:<\/p>\n

\u201cMany homeowners will experience a recession during their lifetime, and it is reasonable to compare the current recession to those in the past. But the comparison is not apples to apples \u2014 every recession is different. Primary drivers of the Great Recession were an overbuilt housing stock, risky mortgages and the collapse of home prices, creating a massive increase in negative equity that proved difficult to recover from. Today\u2019s housing environment has low vacancy and delinquency rates and a\u00a0large home equity cushion<\/strong>.\u201d<\/em><\/p><\/blockquote>\n

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

Now is a great time to consider leveraging your equity and making a move, especially while buyer interest is high. Let\u2019s connect to explore your equity position and make your next move a reality.<\/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":"

Homeowners Equity Finish Reading Want to Make a Move? Homeowner Equity is Growing Year-Over-Year<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[18,128,67,203,25,176,49,42,40,63,20,12,24,48,13,28,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/875"}],"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=875"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/875\/revisions"}],"predecessor-version":[{"id":878,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/875\/revisions\/878"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}