The experts predict that home values will increase around 18% by the end of 5 years from now. Have a look at the numbers - but in simple terms, a home of $250,000 in 2017 is expected to be worth around $298,000 in five years! Let's suppose you purchase that home in 2017 with 10% down (not necessary, just keep the math here simple). So, you invested $25,000 - had a nice place to live - and in 5 years you make almost $50,000 on your 25,000. Not a bad deal. Ready to buy now? Call me - Al
Home prices have rebounded - big time! Have you checked with a real estate professional recently? You may be surprised at how much equity you have. Almost 80% of the US homeowners have significant equity and home prices are about 50% higher than the lows of 2011. If you are ready to make your next move, now is a great time to look at the numbers. Have a look at today's report
Anytime there is less than a 6 month supply of homes on the market is considered a seller's market. If you are a regular reader, you know supply has been hovering around 4ish! The demand during a period of short supply pushes prices up. Check it out