Gaithersburg - Lakelands MD | 93.9% Of Homes in The US Have Positive Equity

Gaithersburg Lakelands  MD Local Market Tidbits:

Today I decided to bring you some news about the things that matters the most to our local real estate market

As you are aware, the real estate market is like the weather. The economic conditions within the area are the most influential on home prices and its stability.

Sometimes even within neighboring counties, our local real estate market could be completely different.

For that reason we are focusing in Lakelands Gaithersburg. In a way this beautiful neighborhood area in Gaithersburg suffers an identity crisis because of its most popular neighbor “The Kentlands” 

Yes, you may see disparities between these two neighborhoods but, most homeowners living on Lakelands are just happier that they don't get the negatives of being the most popular neighborhood in the area. Traffic can be a problem for the most part..while the Lakelands remain relatively quiet and serene..yet they still enjoy the same amenities.

Today, I would like to speak to you about  93.9% Of Homes in The US Have Positive Equity

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year. 

The study also revealed that:

* Roughly 63% of all homeowners have seen their equity increase since Q1 2016

* The average homeowner gained about $14,000 in equity between Q1 2016 and Q1 2017

* Only 1.6% of residential properties are near-negative equity

Below is a map showing the percentage of homes with a mortgage, in each state, that have positive equity. (The states in gray have insufficient data to report.)

READ MORE: http://www.reallynicehomes.com/blog/gaithersburg-lakeland-md-939-homes-us-have-positive-equity/


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