According to the latest release of CoreLogic’s Home Equity Report, the average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018.
Since 2011, home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. Homeowners surveyed, revealed the top reasons why they felt their home had increased in value, They were:
- Desirable location
- Improved National Economy
- Improved Local Economy
- Low Home Inventory in their Area
Many have taken advantage of this new equity to sell their current house and move up to their dream home! CoreLogic forecasts that home prices will increase by 4.8% by the end of the year. Is it time for an upgrade? Find out by using Century 21 Sweyer’s free property report tools at www.century21sweyer.com/property-report or contact one of our local agents today!