Home equity is an asset that comes from a homeowner's interest in a home. To calculate equity, subtract any outstanding loan balances from the property's market value. Home equity can increase over time if the property value increases or the loan balance is paid down. Barnegat home values have increased by over 10% in the last two years. Year to date, the median sale price of homes in Barnegat has increased by 13.4% in comparison to 2017. What’s Your Barnegat Home Worth? Get a FREE, no obligation, instant valuation! According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third (0 comments)
Are you aware of how much equity you have in your Barnegat home? You may be surprised! CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. “U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2%, year over year.” What’s Your Barnegat Home Worth? Get a FREE, no obligation, instant valuation. In Barnegat, sold home prices rose by over 7.5% (1 comments)
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise. The great news about rising prices, however, is that according to CoreLogic’s Homeowner Equity Report, the average American household gained over $14,000 in equity over the course of the last year, largely due to home value increases. Prices in the Barnegat real estate market continued to climb during the year-to-date period. The median (0 comments)