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Moorpark Homes For Sale - Is It Still A Sellers Market??
According to RealtyTrac, 6.9 million homeowners were seriously underwater (owing at least 25% more than the property is worth) at the end of Q3 2015. That’s down from a peak of around 12.8 in 2012. Nearly half a million of those were lifted from being seriously underwater at the end of last year!
As homeowners regain equity, they have many more options. After being sidelined by low prices and a poor housing market, many homeowners are now choosing to leverage their equity through a refinance or moving up to a different property. Despite the run-up of home prices, many homeowners don’t realize just how much the market—and their situations—have improved. After so many years of bad news, many quit paying attention to news about the housing market.
But the reality is, homeowners looking to sell today are in an excellent position! Today’s Market Is Much More Stable As mentioned previously, home prices skyrocketed in the first year of the recovery. Tight inventory and high demand pushed prices up and up. With home prices soaring, many homeowners chose to wait to sell until price increases reached more normal levels. Last year, home prices grew more slowly, and experts believe that trend will continue this ... more
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