Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year.
If you’re looking for the best ways to use your growing equity, here are four options:
1. Use Your Equity To Buy a Home That Fits Your Needs
If you’re finding you no longer have the space you need, it might be time to move into a larger home. Or, it’s possible you have too much space and would like something smaller....
There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise.
With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we’ll continue to see a rash of troublesome headlines over the next few months. To make sure you aren’t paralyzed by a headline, turn to reliable resources for a look at what to expect from the housing market next year.
There are already alarmist headlines starting...
The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom:
“At least 1.7 million more older workers than expected retired due to the pandemic recession.”
If you’ve recently retired, your home may not fit your new lifestyle. The good news is, you’ve likely built-up significant equity that can fuel your next move. According to the latest Homeowner Equity...
Florida Mortgage | Expert Quotes on the Fall Housing Market. Experts agree that the housing market is still strong this fall and gives both buyers and sellers unique opportunities. Let’s connect if you’re ready to make a move this season. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Florida Mortgage | Thinking of Buying or Selling a Home? If you’re thinking of buying or selling a home, the Fall Buyer and Seller Guides are here. Let’s connect so you can get the latest digital copies. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Florida Mortgage | Homeownership Is Still Affordable | Even with today’s growing home price appreciation, homeownership is still affordable. Let’s connect to make your homeownership goals a reality. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Florida Mortgage | Do You Know Your Mortgage Rate? | Current mortgage rates are still below the historical norm. Let’s connect to explore your options. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year.
Real estate is very similar. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s even labeled as the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring...
Florida Mortgage | Fall in Love with Homeownership | There are many reasons to fall in love with homeownership right now. Let’s connect to find the home of your dreams. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Florida Mortgage | How Supply and Demand Can Tip the Pricing Scales in Today’s Market
| In today’s housing market, an imbalance between supply and demand is driving up home prices. Let’s connect to discuss how you can tip the scales in your favor as a homebuyer. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany