housing market: Home Equity is Up Nationwide. Do you know what your Home is Worth? - 04/30/15 11:00 AM

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)

housing market: HOME PRICES SPRING FORWARD - 04/01/15 08:08 AM
This year, your clocks aren’t the only things springing forward; home prices have increased by leaps and bounds! Over the last few years, the housing market has made a dramatic recovery, and today homeowners are reaping the benefits.
The last seven to eight years were a chaotic time for the housing market. When the housing market crashed in 2007 and 2008, homeowners nationwide saw the value of their homes plummet overnight. Across the country, millions suddenly found themselves underwater on their mortgages and under the threat of foreclosure.
In late 2011 and into 2012, the U.S. economy … (1 comments)

housing market: It's Official the Housing Market is Back! - 12/28/14 06:13 AM
There are many indicators experts look at to assess the health of the housing market, and over the last several years, all of these indicators have been improving. Home prices, for one, have skyrocketed over this time period, giving many homeowners back the equity they lost when the housing market crisis first hit.
Additionally, distressed home sales (homes sold in a short sale or foreclosure) returned to a normal level, and as home prices continue to increase, there are fewer underwater homeowners, or homeowners who owe more on their mortgage than the property is worth. 
Many … (0 comments)

housing market: Did the Housing Market Give You an Early Gift? - 11/30/14 07:32 AM
This holiday season, many homeowners are discovering that the housing market gave them an early gift—and that gift is equity!
During the worst of the housing crisis, home prices plummeted, and millions of homeowners saw all the equity in their homes vanish. However, over the last couple years, the housing market has improved significantly, and home prices have recovered along with the market. In fact, in 2013 the average home sale price rose by 10.9 percent. The rising home prices helped 3.5 million homeowners regain equity in 2013, and more than 300,000 thousand in the first quarter of 2014. … (2 comments)

housing market: 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)

housing market: Why Now is the Time to Buy or Sell a Home - 06/25/14 03:34 PM
After years of nothing but negative reports about the housing market, it is hard to believe recent news about the “housing market rebound” and “why now is a great time to buy or sell a home.” However, the reality is that the housing market has recovered remarkably quickly and created unique opportunities for those looking to buy or sell a home.
For those looking to buy a home, interest rates for mortgage loans remain incredibly low. For 2014, the average annual rate has hovered around 4 to 4.5%. These low interest rates make buying a home more affordable than at … (0 comments)