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    Good News for Entry-level Homeowners

     

    Price appreciation is really helping homeowners right now, especially in the entry-level market. A recent report by Home Price Insights reveals that home prices have increased 4% year-over-year and it projects prices to increase 5.2%.

    So why is this good news for homeowners? When prices appreciate, homeowners get equity. People planning to sell this year, especially in the entry-level market can potentially earn a profit.

    The lack of inventory continues to drive home price growth, which means there is a high demand for homes in this tier of the market. This makes it a great time to use your equity to move up to a bigger home with more amenities. 

    If you are moving out of an entry-level home, you’re likely to be in the driver’s seat as a seller. 

     

     

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