When the housing bubble burst in 2008 home prices went into free fall. Millions of homeowners woke up one morning to find that all of the equity in their home had vanished over night.
Since then, the housing market has followed a bumpy trail, full of brief bouts of recovery followed by more bad news. However, the last couple years brought dramatic change to the U.S. real estate market. In 2013, home prices skyrocketed, and they continue to rise to today.
For homeowners hit hard by the housing market crash, this means that your situation is likely dramatically different. More than 5.8 million … (1 comments)
home owner: It's Cold Outside, but the Housing Market is in Full Bloom
- 02/25/15 03:09 AM
It may be cold outside but as we look forward to spring, the U.S. housing market continues to grow and improve. For homeowners, the continued growth in the housing market is fantastic news.
In 2012, the housing market started to show the first signs of improvement. 2013 was a landmark year in which home prices skyrocketed, increasing by double-digit year-over-year percentages. A number of factors, such as fewer distressed properties (those sold in a short sale or foreclosure), increasing demand, and low supply fueled the dramatic price increases and helped homeowners nationwide regain much of the equity they lost … (1 comments)
home owner: Rising Home Prices are Helping Millions out of Challenging Situations
- 07/29/14 08:06 AM
March 2014 marked the 25th consecutive month of year-over-year increases in home prices, according to the CoreLogic Home Price Index Report. For millions of homeowners, the recent increase in home prices is helping to end struggles that began when the housing crisis first hit. As home prices increase, homeowners are regaining equity in their homes. Homeowners who were underwater, or owed more on their mortgage than their home was worth, are finding they aren’t any longer. In fact, more than four million homeowners regained equity since the housing crisis ended! … (0 comments)
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