Central Florida - January 2023 - Do you know how much equity you have in your home today? While people check other investments regularly, such as stocks and retirement accounts, most do not reassess the value of their most significant investment—their home—nearly as frequently. However, as with other investments, it is vital to regularly check how much equity you have in your home to know where you stand. Over the last two years, the housing market has rebounded significantly, and with-it home prices rose faster and more dramatically than anyone predicted. As home prices continue to rise, more and more homeowners are regaining equity in their homes. Last year, more than three million Continue Reading about When was the last time you reevaluated your equity?
Equity
Equity Gain Doesn’t Always Happen for Everybody!
Central Florida - February 2023. The last couple of years dramatically changed the U.S. real estate market. Beginning in 2020, home prices increased dramatically, increasing monthly and often by double-digit percentages! From Q3 of 2012 to Q3 of 2020 (ten years), we saw the median home price go from $248,800 to $335,500. This was an average of 3.9% in annual appreciation. BUT from Q3 of 2020 to Q3 of 2022, home prices went from $335,000 to $454,900. Yes! We have seen an average of 16.5% annual appreciation in the past two years. Huge appreciation and potential equity gain! While millions of homeowners have built significant equity, millions more recently purchased or recently refinanced Continue Reading about Equity Gain Doesn’t Always Happen for Everybody!
Real Estate Agent Highlights Benefits & Risk of Forbearance for Homeowners!
Central Florida - March 2023 – During the COVID-19 pandemic, many individuals, families, and homeowners across the country have turned to forbearance to manage their mortgage payments during these difficult times. While forbearance can provide much-needed relief, homeowners must understand the benefits and risks. As a trusted real estate agent in the Central Florida area, I wanted to provide some insights into what forbearance is, how it can benefit homeowners, and what potential risks they should be aware of. Forbearance is an agreement between a homeowner and their mortgage lender to suspend or reduce their monthly mortgage payments temporarily. This can be a helpful option for Continue Reading about Real Estate Agent Highlights Benefits & Risk of Forbearance for Homeowners!
“Renting vs. Selling: Weighing the Pros and Cons for Distressed Homeowners”
Central Florida, July 2023 – As a licensed real estate agent, I have encountered numerous distressed homeowners who face the difficult decision of whether to rent or sell their property. Financial challenges can put homeowners in a tough spot, and it's essential to carefully weigh the pros and cons before making such a significant decision. In this blog post, I'll explore the advantages and drawbacks of renting and selling, offering valuable insights to help distressed homeowners navigate their options. As a Certified Distressed Property Expert in Central Florida, I'm trained in helping homeowners understand their options regarding distressed properties and strategies to help them. Renting Continue Reading about “Renting vs. Selling: Weighing the Pros and Cons for Distressed Homeowners”
How much equity U.S. homeowners have lost since May
Homeowner equity peaked at $11.7 trillion collectively last May, after home prices jumped 45% since the start of the pandemic.In September, home prices fell on a month-to-month basis for the third month in a row.Since July, the median home price has dropped by $11,560. The historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity. Since May, however, about $1.5 trillion of that has vanished, according to Black Knight, a mortgage software and analytics company. The average borrower has lost $30,000 in equity. Homeowner equity peaked at $17.6 trillion collectively last May, after home prices jumped 45% since the start Continue Reading about How much equity U.S. homeowners have lost since May
