Welcome to the RichardElias.com Blog

2017-09-18 11:11:45
Homeowners: Do You Know Your Home’s Value?

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,

“National Home Prices Now 50% Above March 2011 Bottom”

The real estate market has come a long way since 2011, which is great news for homeowners!

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while owners in Washington and Utah have experienced a 3% increase in values since the start of this year!

Nationally, CoreLogic forecasts that home values will increase another 5.0% by this time next year.

Bill Banfield, VP of Capital Markets at Quicken Loans, recently explained the importance of knowing the conditions in your area,

“With home values constantly changing, and the rates of change varying across the country, this is one more way to show how important it is for homeowners to stay aware of their local housing market.”

Bottom Line

Do you know what your house is worth? Have you stayed put because you are nervous you won’t have enough equity to buy your dream home? Let’s get together to perform an equity analysis and give you the freedom to achieve your dreams.

Keeping Current Matters 

 
Blog Archive
2017-10-16 18:51:09
Thinking Of Selling? You Should Do It TODAY!!

2017-09-22 11:08:53
5 Reasons to Sell This Fall

2017-09-18 11:11:45
Homeowners: Do You Know Your Home’s Value?

2017-08-29 13:20:56
Why Is It Important to Use a Professional to Sell Your Home?

2017-08-08 17:41:23
20 Tips for Preparing Your House for Sale

2017-07-30 08:54:12
A ‘Buyer’ in Hand is Worth Two in the Bush

2017-07-11 17:01:19
Your Opportunity To Achieve The American Dream Keeps Getting Better!

2017-07-05 15:04:39
Top Home Renovations for Maximum ROI

2017-06-26 17:47:00
2 Myths Holding Back Home Buyers

2017-06-12 17:54:04
The Impact Your Interest Rate Makes

2017-06-07 14:47:29
69% of Buyers are Wrong About Down Payment Needs

2017-05-19 18:00:39
Do You Know the Cost of NOT Owning Your Home?

2017-05-15 15:42:19
Escrow Is A Valuable Tool

2017-05-04 16:01:31
Financial Planning: 4 Reasons to Buy a House Today

2017-04-29 11:23:27
Homes are Selling Fast Across the Country

2017-04-21 12:30:53
Slaying Home Buying Myths

2017-04-17 11:56:21
Home Mortgages: Rates Up, Requirements Easing

2017-04-04 15:57:48
15,014 Homes Sold Yesterday… Did Yours?

2017-03-28 14:33:26
San Diego Real Estate: Market Update March 2017

2017-03-28 14:04:05
The Foreclosure Crisis: 10 Years Later

2017-03-25 15:19:53
Low Supply & High Demand Impacts Real Estate

2017-03-20 17:35:27
4 Great Reasons to Buy This Spring!

2017-02-28 15:51:05
Where Are Home Prices Heading in the Next 5 Years?

2017-02-24 12:19:24
San Diego Real Estate: Buyer Tip February 2017

2017-02-21 18:46:31
Access: A Key Component in Getting Your House SOLD

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