We were browsing the latest real estate news when we came across something that might interest you.
According to CoreLogic’s Equity Report, “256,000 properties regained equity in the third quarter of 2015.” Anand Nallathambi, their President and CEO, expects home values to continue appreciating in 2016. In fact, he predicts a 5% rise in home prices this year!
This is obviously fantastic news for San Diego homeowners. The problem, however, is that many people are unaware that their equity has increased. According to a study by Fannie Mae, only 37% of Americans believe that they have “significant equity,” when in reality, 74% of homeowners have a great deal of value in their properties.
Essentially, 37% of homeowners have no idea how much their home is actually worth. Not only that: they are completely unaware that their home is worth more than they think!
We just thought we would share this information with you today because you could be one of those people. If you’ve been on the fence about selling your home in San Diego, it’s time to reevaluate your situation and take advantage of your equity before market conditions change!
You can take a look to see if your home is worth more than you thought by following the link:
This is a free, no-obligation tool that will give you an idea of how much your home is worth. You may be shocked by how much value your home has accrued!
If you have any questions about how you can cash in on your increased equity, or if you need real estate assistance of any kind, we're always here to help!
