Home Equity Gains Past Year in US

By
Real Estate Broker/Owner with Sandpoint Realty LLC DB36113

Home ownership in the US this past year has resulted in $51,500.00 average equity gain.  Pretty impressive, especially when you consider just a bit more than a decade ago so called 'experts' were proclaiming Real Estate to be the worst investment one could make.  Renting a better route to take.  

 

Sandpoint Realty LLC - Home Equity

 

Another point to be cognizant of is, no where thru out the US do you see negative equity.  Pacific Northwest showing strongest gains with Idaho #3 behind California and Washington.   Now is a good time to ask questions about buying or selling Real Estate.  When is the best time to buy Real Estate?  Today

 

'Experience the Difference' in working with a full time professional REALTOR®.  Your wants and needs will always be my priorities.  

 

Mark Don McInnes

Broker - REALTOR®

208 255-6227

SandpointNorthIdaho.com - North Idaho Home & Land Searches

 

Sandpoint Realty LLC

1205 Highway 2

Sandpoint, Idaho 83864

Posted by

Mark Don McInnes

208 255-6227

"Experience the Difference' working with a full time professional Realtor®

Mark Don McInnes - Sandpoint Realty LLC

 

*************************************************************************************** 

All images and content property of Mark Don McInnes and only to be used/copied with prior written permission.

Comments (7)

Gwen Fowler-864-638-3599 SC * Mountain* Lake*Home
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

appreciation or inflation?

Oct 23, 2021 11:46 AM
Mark Don McInnes, Sandpoint-Idaho

Good morning Gwen.  One class I went to, early on, an instructor noted that when refering to the price of bread it is inflation, and when refering to homes it is appreciation.  lol   Either way the price is there.  Thanks for stopping by.  Mark

Oct 23, 2021 11:52 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Mark I learned a long time ago that the only thing the experts are experts about when it comes to predicting Real Estate, is they are experts on being wrong.

Oct 23, 2021 03:14 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Mark - regardless of any market conditions(in real estate or not) - I don't recall any time when there has been a shortage of experts,  Finding what works best for you(and your situation) can lead to additional gains in happiness.    

Oct 24, 2021 03:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Mark. Can't top George Souto's comment! :))) I'll admit that the average equity gain for NC is pretty much what I can attribute to my own home in Charlotte. 

Oct 24, 2021 04:51 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

It's been awhile since we've experienced such amazing equity gains.  I can't help compare it to the price run up in 2006 and 2007 that ultimately ended in the bust of 2008.  However, there are no liar loans, and teaser interest rates that quickly escallate during this current market.  There's much more cash and folks have skin in the game.  It will be interesting to see if these prices hold once the pandemic ends, and supply line which has slowed new construction eases.

Oct 24, 2021 11:13 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Mark, on having this blog FEATURED in the Old Farts Club group!  

Oct 24, 2021 11:13 AM
Mark Don McInnes, Sandpoint-Idaho

Top of the morning Myrl.  Lots of questions will be answered this coming year I am sure.  Thank you for the feature.  Enjoy the rest of your Sunday.  Mark

Oct 24, 2021 12:00 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This has been a very good year for home owners.

Have an outstanding week.

Oct 24, 2021 12:43 PM