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HOME EQUITY | 32819 |32836 | Orlando Florida

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HOME EQUITY

Home equity is a popular word these days. Equity is the difference between what you owe on your home and what it is worth in today's housing market. So when home prices are growing, equity is too. And with the recent spike in home prices, equity has surged.Many homeowners have flexibility to use this to make home improvements,  pay off loans, pay education, new car's, or repair car's. Nationwide many have at least 20% equity in their home and prices to include rent has skyrocketed.  

GROWTH

By far this is the strongest growth I have seen in over 17 years of selling homes that can equate over 170,000 in equity available to the average mortgage holder. Many homes increased 20,000 in three months. I believe the market has cooled down just a bit 4th quarter 2021 as long as the market interest rates remain hovering around 3%. Many buyers have hovered to our State of Florida due to cost of living is much less inexpensive. The pandemic has a huge effect on the economy, especially working from home, which opens the door for relocation for many working employees.

SELL OR BUY

Fannie Mae has a monthly survey gauging Americans thought about the housing market and overall economy. the survey was concerning mortgage rates, home prices, jobs and financial situation. In August 2021index was largely unchanged from from the previous month. However, a great share of participants who said they felt it was a good time to buy a home was up 7%. It was the first increase in buying optimism since March 2021. Kevin Strawter is one of the finest Realtor's in the Central Florida region you can find and selling homes for over 17 years as a seasoned veteran and Retired 39 year Air Force Veteran. Contact him today at 407 479-8583.


HOME EQUITY | 32819 |32836 | Orlando Florida

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 5/28/22 11:59 PM) |
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407 575 5392

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DBA Wendy Morris Realty
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Winter Garden, Florida 34787

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